Tuesday, February 14, 2006

 

Protective Life Exercises Its Buying Power, Foreshadowing More For Small Acquirers

Protective Life Corp.'s planned acquisition of J.P. Morgan Chase & Co.'s life insurance and related non-insurance businesses for $1.2 billion in cash shows smaller companies can find ways to do bigger deals, according to equity analysts at Fox, Pitt Kelton.

Protective Life Exercises Its Buying Power, Foreshadowing More For Small Acquirers
Source: A.M. Best (subscription required)

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