TOKYO, July 3 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, according to a regulatory filing with
the finance ministry.
The issuance plan was widely expected after Dai-ichi Life
last month filed a shelf registration to issue new shares.
Dai-ichi Life has said it expects to complete the $5.7
billion acquisition of Protective Life by January pending
shareholder and regulatory approval.
($1 = 101.8900 Japanese Yen)
(Reporting by Chris Gallagher; Editing by Edmund Klamann)