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Stock Market & Financial Investment News

News Breaks
May 16, 2014
07:49 EDTPLProtective Life upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Protective Life to Buy from Underperform. The firm upgraded shares two notches based on stronger than expected free cash flow generation and likely increased M&A activity that will serve as a catalyst. Price target raised to $62.
News For PL 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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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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