Japanese Dai-Ichi Life Buys Protective Life From USA

Japanese Dai-Ichi Life Buys Protective Life From USA

Japan’s Dai-ichi Life Life Insurance Group announced a few weeks ago that its US counterpart, Protective Life, will be acquired for $ 5.7 billion, one of the largest deals ever made. abroad by a Japanese company in this sector.

Dai-ichi Life proposes to pay each Protective share $ 70, or 34% more than its closing value on Friday in New York. He added in a statement that the board of directors of Protective Life, a company headquartered in Birmingham, Alta., “Approved the acquisition unanimously”.

 

Subject to the approval of Protective Life shareholders and the regulatory authorities of both countries, the transaction could […] Read more