Tuesday, October 17, 2006

 

Sun Life Takeover Rumors Boost Unum Shares

UnumProvident Corp. shares rose almost 10 percent Friday on speculation the Chattanooga-based disability insurer may be acquired.

The company's stock soared more than 13 percent at one time during the day. But after a retreat shares closed up 9.3 percent Friday at $21.72, up $1.84, on heavy trading on the New York Stock Exchange.

Sun Life Takeover Rumors Boost Unum Shares
Source: Insurance News Net

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