Platinum Underwriters Holdings (PTP) announced Monday morning that it agreed to be acquired by RenaissanceRe Holdings Ltd. (RNR) for $76 per share, or approximately $1.9 billion.
Platinum Underwriters Holdings gapped open dramatically higher this morning and is now up 11.54 at $72.81 on the highest volume of the year. The stock has leaped to a new high for the year.
RenaissanceRe Holdings has been steadily declining since the open and is now down 4.32 at $97.14 on above average volume. The stock has dropped to over a 1-month low.
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.