TOKYO, July 3 (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd will issue up to 275.9 billion yen ($2.7 billion) in new shares to help fund its planned acquisition of U.S. peer Protective Life ,...
Company, Limited's (Dai-ichi Life; Insurer Financial Strength rating: A+/Stable) acquisition of US-based Protective Life Corporation (PL; IFS: A/Rating Watch Positive) will strengthen the Japanese insurer's credit profile. Fitch
statement was released by the rating agency) CHICAGO, June 04 (Fitch) Fitch Ratings has placed the ratings for Protective Life Corp. (NYSE: PL) (IDR 'BBB+') and its primary life insurance subsidiaries (IFS 'A') on Rating Watch Positive
insurance sector mostly in the green after Dai-ichi purchases Protective Life for nearly 1.7x March 31 book value (excluding AOCI ..... Life ( KCLI +0.5% ). Previously: Dai-ichi snaps up Protective Life Post your comment!
paying about $5.7B , or $70 per share in cash for Protective Life ( PL ), The price represents a 34% premium to Friday's ..... apparently are willing to pay a premium price to get it. Protective Life CEO John Johns says Dai-ichi management has encouraged
TOKYO (Reuters) - Japan's Dai-ichi Life Insurance Co has agreed to buy U.S. peer Protective Life for $5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home.
* Buyer to issue up to $2.4 bln in new shares to fund deal
TOKYO, June 4 (Reuters) - Dai-Ichi Life Insurance Co will buy U.S. peer Protective Life for $5.708 billion (582.2 billion yen), funding part of that by issuing up to 250 billion yen ($2.4 billion) in...
says an analyst, noting the demographic decline in Japan, and Bloomberg reports the company in talks to buy Protective Life ( PL ) for around $4.9B. Protective's valuation as of Friday's close was $4.12B Funding would be an issue
TOKYO (Reuters) - Japanese insurer Dai-ichi Life Co is in advanced talks to buy U.S. peer Protective Life Corp in a deal that could be worth over $5 billion, extending a drive to buy assets abroad as an antidote to a weak domestic outlook.