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Prudential Financial Inc Near Deal To Buy The Hartford Financial Services Group Inc's Insurance Arm.-Reuters


Thursday, 27 Sep 2012 11:25am EDT 

Reuters reported that Prudential Financial Inc. is close to an agreement to acquire the individual life insurance business of Hartford Financial Services Group Inc. The paper, citing a source familiar with the talks, said it would be structured as a complicated reinsurance transaction and that bankers had valued the business at about $1 billion. 

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