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Reuters Reports Dai-ichi Life in Advanced Talks to Buy Protective Life, According to Source

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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.

View full article http://www.reuters.com/article/2014/06/01/daiichi-life-ins-protective-life-talks-u-idUSL3N0OI0QV20140601

Posted-In: ReutersNews Rumors M&A Global

 

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