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Stock Market & Financial Investment News

News Breaks
October 8, 2012
16:02 EDTPFGPrincipal Financial to acquire Cuprum
Principal Financial Group announced that it has signed a definitive agreement to acquire AFP Cuprum. The agreement requires Empresas Penta S.A. and Inversiones Banpenta Limitada to sell their 63 percent ownership in Cuprum pursuant to a public tender offer that will also include the remaining 37 percent of publicly traded shares. This action, combined with its current business in Brazil, Chile and Mexico, will give The Principal® an even larger presence in faster growing emerging markets. Based on current exchange rates, the purchase price for 100 percent of the company is approximately USD$1.51B subject to adjustments for pre-closing dividends. Pending Chilean regulatory approval and the fulfillment of other conditions, the transaction is expected to close in first quarter 2013 and be immediately accretive to EPS and ROE.
News For PFG From The Last 14 Days
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January 30, 2015
10:00 EDTPFGOn The Fly: Analyst Initiation Summary
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January 29, 2015
16:13 EDTPFGPrincipal Financial raises quarterly dividend 6% to 36c
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16:13 EDTPFGPrincipal Financial initiated with a Buy at Jefferies
Target $58.
16:05 EDTPFGPrincipal Financial reports Q4 EPS $1.09, consensus $1.04
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15:37 EDTPFGNotable companies reporting after market close
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