Lincoln National selling asset management unit

Lincoln National is selling Delaware Management Holdings Inc. to the Sydney-based financial firm in a deal that is expected to close at the end of the year... Delaware Management had more than $125 billion in assets under management at the end of June. Once the deal is closed, Macquarie's combined operations will manage more than $300 billion in assets, Macquarie said in a statement...

AP: Lincoln National selling asset management unit