NEW YORK, Oct. 26, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Third Point Reinsurance Ltd. ("TPRE" or the "Company") (NYSE: TPRE) in connection with the Company's proposed cash-and-stock merger with Sirius International Insurance Group, Ltd. ("Sirius"). As part of the merger consideration contemplated by the proposed transaction, TPRE will issue a number of common shares, warrants and Series A Preference Shares ("Share Issuance") along with cash consideration and a Contingent Value Right ("CVR") at the election of Sirius stockholders.
If you own TPRE shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslawllp.com/TPRE/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether TPRE's board acted in the best interest of TPRE's public shareholders in agreeing to acquire Sirius, whether the board was fully informed as to the potentially dilutive effect of the Share Issuance, and whether all information regarding the process undertaken by the board, the valuation of the CVR, and the financial analyses supporting the transaction is fully and fairly disclosed to TPRE public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP