Friday, November 11, 2005
Analyst tempers talk of Prudential-Lincoln National merger
A Citigroup Global Markets Inc. analyst opined Thursday that Prudential Financial Inc. may be "on the verge" of buying Lincoln National Corp. but later softened his statement.
Word of the envisioned deal sent Lincoln stocks up -- for a short while -- more than 7 percent. By the end of trading Thursday on the New York Stock Exchange, Lincoln shares were up $1.11, or 2.3 percent, on the day at $50.98. They peaked at $53.50.
Lincoln spokeswoman Priscilla Brown declined comment Thursday afternoon.
Analyst tempers talk of Prudential-Lincoln National merger
Source: Biz Journals
Word of the envisioned deal sent Lincoln stocks up -- for a short while -- more than 7 percent. By the end of trading Thursday on the New York Stock Exchange, Lincoln shares were up $1.11, or 2.3 percent, on the day at $50.98. They peaked at $53.50.
Lincoln spokeswoman Priscilla Brown declined comment Thursday afternoon.
Analyst tempers talk of Prudential-Lincoln National merger
Source: Biz Journals
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