Monday, October 10, 2005

 

Lincoln National Buying Jeff-Pilot

Lincoln National Corp. on Monday said it will buy Jefferson-Pilot Corp. for $7.5 billion, in one of the biggest acquisitions in the financial sector in months.

Philadelphia-based Lincoln National will emerge as one of the largest public life insurance companies, with a "broad, balanced product mix" of retirement income, fixed and variable-asset protection, accumulation and transfer products and other investment services, the companies said.

Lincoln National Buying Jeff-Pilot
Source: CBS MarketWatch

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