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Allstate Corp To Sell Lincoln Benefit Life Insurance Unit-Reuters


Wednesday, 17 Jul 2013 08:06pm EDT 

Reuters reported that Allstate Corp will sell one of its life insurance businesses, Lincoln Benefit Life Co, to Resolution Life Holdings for $600 million, the Company said on. The transaction would generate cash proceeds of about $785 million, including tax benefits. Allstate said it expected the deal to close by the end of the year. 

Company Quote

70.93
0.24 +0.34%
26 Dec 2014