Protective Life In $1.2B Acquisition

Alabama-based Protective Life Corp. is paying $1.165 billion to buy the life insurance businesses of JPMorgan Chase & Co.

After dividend payments and reinsurance transactions, the cost to PLC of the Illinois-based assets will be about $460 million, PLC said Wednesday. The deal should close in the third quarter.

Protective Life In $1.2B Acquisition
Source: UPI.com
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