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Stock Market & Financial Investment News

News Breaks
June 2, 2014
09:00 EDTPLProtective Life rises 17.4%
Protective Life is up 17.4%, or $9.10, to $61.40
News For PL From The Last 14 Days
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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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