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)

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