New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:03 EDTPRUPrudential weakness creates buying opportunity, says Argus
Argus reports that Prudential's stock has fallen 5% over the past quarter, and the firm thinks the company's large exposure to faster-growing international life insurance markets leaves it well-positioned to deliver industry-leading returns. The firm believes the company has earnings momentum and reasonable valuations, and it keeps a Buy rating on the shares.
News For PRU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2016
08:02 EDTPRUPrudential receives approval for acquisition of interest in Administradora
Prudential Financial said that it has obtained the approval of the Chilean Superintendence of Pensions for its previously announced proposed acquisition of an indirect ownership interest in Administradora de Fondos de Pensiones Habitat S.A. (AFP Habitat), a leading provider of retirement services in Chile that trades under the symbol HABITAT CI on the Santiago Stock Exchange. Prudential expects to acquire indirectly between approximately 34 and 40 percent of AFP Habitat from Inversiones La Construccion S.A., the investment subsidiary of the Chilean Construction Chamber, depending on the results of a pre-closing partial tender offer by a subsidiary of ILC to acquire up to 13 percent of AFP Habitat's outstanding shares from public shareholders at a price of $899.90 Chilean Pesos per share. ILC has announced that this tender will commence on January 28, 2016 and, unless extended, will expire on February 26, 2016. Following the completion of the tender offer, Prudential will acquire its indirect interest in the AFP Habitat shares from ILC for 899.90 Chilean Pesos per share, for a total purchase price of approximately US$430 million to US$510 million at current exchange rates. It is expected that the transaction will result in equal ownership positions for Prudential and ILC, with a controlling stake in AFP Habitat held through a joint holding company.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use