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Stock Market & Financial Investment News

News Breaks
April 10, 2013
20:02 EDTAXAHY, PLMONY acquisition to contribute 10c-15c to Protective Life's FY13 diluted EPS
Protective Life Corporation (PL) announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement with certain subsidiaries of AXA SA (AXAHY) to acquire MONY Life Insurance Company and reinsure certain policies of MONY Life Insurance Company of America, or MLOA. The transaction is expected to contribute 10c-15c to Protective's fully diluted EPS in 2013, 55c-65c per fully diluted share in 2014, and 65-75c per fully diluted share in 2015, net of integration and transition costs.
News For PL;AXAHY From The Last 14 Days
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January 27, 2015
17:51 EDTPLS&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices
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17:21 EDTPLAkorn to replace Protective Life in S&P 400 as of 1/30 close
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10:00 EDTAXAHYOn the Fly: Analyst Upgrade Summary
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06:14 EDTAXAHYAXA upgraded to Overweight from Underweight at JPMorgan
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January 22, 2015
17:03 EDTPLProtective Life takeover by Dai-ichi Life Insurance gets regulatory approval
The Dai-ichi Life Insurance Company and Protective Life Corporation announced that Dai-ichi has received all necessary approvals from regulatory authorities in the U.S. and Japan for the previously announced proposed acquisition of all of the outstanding shares of common stock of Protective Life Corporation pursuant to the Agreement and Plan of Merger entered into on June 3, 2014. The parties to the Merger Agreement intend to close the acquisition transaction with an effective date of February 1, 2015. On the effective date, each outstanding share of Protective common stock will convert into the right to receive $70.00 in cash, without interest.

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