Friday, November 11, 2005
Deal Theory Stokes Action in Prudential and Lincoln National
An analyst's ruminations about a possible insurance-industry deal fueled heavy trading in options of Lincoln National and Prudential Financial.
Colin Devine, an analyst with Citigroup Investment Research, set off the frenzy with a note yesterday morning discussing Prudential's planned $2 billion convertible-debt offering, which it announced Wednesday.
Deal Theory Stokes Action in Prudential and Lincoln National
Source: Wall Street Journal (free to access on 11/11)
Colin Devine, an analyst with Citigroup Investment Research, set off the frenzy with a note yesterday morning discussing Prudential's planned $2 billion convertible-debt offering, which it announced Wednesday.
Deal Theory Stokes Action in Prudential and Lincoln National
Source: Wall Street Journal (free to access on 11/11)