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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:08 EDTLNCLincoln National board authorizes additional securities repurchase capacity
Lincoln Financial announced that the board declared a quarterly cash dividend of 16c per share on the corporation’s common shares. The dividend on the common stock will be payable August 1 to shareholders of record at the close of business on July 10. The board of directors also approved an increase to the corporation’s authority to repurchase its securities bringing the total repurchase authority up to $1B. Under this authority and without further announcement, the corporation may repurchase securities in such amounts at such times, as it deems appropriate. Purchases may be made on the various stock exchanges, by block trades, in privately negotiated transactions, or by other means. The repurchase authority does not have a termination date.
News For LNC From The Last 14 Days
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February 20, 2015
08:02 EDTLNCEntercom gets request for added info from DOJ on Lincoln deal
Entercom (ETM) disclosed in a regulatory filing last night that the company received a request for additional information and documentary material, often referred to as a “second request,” from the Department of Justice in connection with the company’s previously announced agreement with Lincoln National Life (LNC) to acquire all of the outstanding shares of capital stock of Lincoln Financial Media Company from Lincoln. The second request was issued under the HSR Act. Consummation of the transaction is conditioned on expiration of the waiting period applicable under the HSR Act. Issuance of the second request extends the waiting period under the HSR Act until 30 days after both parties to the stock purchase agreement have substantially complied with the second request, unless the waiting period is terminated earlier by the DOJ or the parties voluntarily extend the time for closing. The second request, however, may delay the consummation of the transaction beyond the second quarter of 2015, as originally disclosed by the company, Entercom said.
February 18, 2015
11:44 EDTLNCLincoln National management to meet with Sterne Agee
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