Reuters Reports Dai-ichi Life in Advanced Talks to Buy Protective Life, According to Source
Dai-ichi Life (OTC: DCNSF) is in talks to acquire Protective Life (NYSE: PL), according to a source as reported by Nikkei Business Daily via Reuters. The deal could be worth $4.9 billion, according to the source, or about $62.00 per share.
Protective Life closed Friday at $52.30, a gain of $0.18.
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