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NN Group and Delta Lloyd reached conditional agreement on merger

Friday, 23 Dec 2016 01:00am EST

Nn Group NV and Delta Lloyd : NN Group and Delta Lloyd agree on recommended transaction . To form a leading insurance and asset management company in the Netherlands . NN Group and Delta Lloyd reached a conditional agreement on a recommended all-cash public offer of 5.40 euros (cum dividend) per issued and outstanding ordinary share of Delta Lloyd representing a total consideration of 2.5 billion euros ($2.61 billion) . NN Group has committed financing in place and will fund the transaction via a combination of existing cash resources and debt . Offer price represents a premium of 55 pct over the 3-months average closing price prior to the initial announcement on 5 October 2016, delivering immediate and certain value to delta Lloyd shareholders . NN Group anticipates a return on investment of around 10 pct and a double digit accretion in dividend per share for 2018 and onwards .Draft offer memorandum will be submitted to AFM no later than 28 D2016.

NN Group and Delta Lloyd reached conditional agreement on merger

Friday, 23 Dec 2016 01:00am EST

Nn Group NV and Delta Lloyd : NN Group and Delta Lloyd agree on recommended transaction . To form a leading insurance and asset management company in the Netherlands . NN Group and Delta Lloyd reached a conditional agreement on a recommended all-cash public offer of 5.40 euros (cum dividend) per issued and outstanding ordinary share of Delta Lloyd representing a total consideration of 2.5 billion euros ($2.61 billion) . NN Group has committed financing in place and will fund the transaction via a combination of existing cash resources and debt . Offer price represents a premium of 55 pct over the 3-months average closing price prior to the initial announcement on 5 October 2016, delivering immediate and certain value to delta Lloyd shareholders . NN Group anticipates a return on investment of around 10 pct and a double digit accretion in dividend per share for 2018 and onwards .Draft offer memorandum will be submitted to AFM no later than 28 D2016.

Lincoln Financial announces cash tender offers for certain outstanding debt securities

Monday, 5 Dec 2016 09:18am EST

Lincoln National Corp :Lincoln Financial Group announces cash tender offers for certain outstanding debt securities.

Prudential CEO still interested in "bolt-on" U.S. acquisitions

Wednesday, 16 Nov 2016 12:27pm EST

Prudential investor day : Ceo mike wells says still interested in "bolt-on" acquisitions in united states . Cfo nic nicandrou says in an ideal world, would drop solvency ii capital rules Further company coverage: [PRU.L] ((carolyn.cohn@thomsonreuters.com;)).

GWG announces acquisition of mortality predictive technology

Thursday, 3 Nov 2016 07:23pm EDT

GWG Holdings Inc :Announces acquisition of mortality predictive technology.

Delta Lloyd rejects NN Group's takeover proposal

Friday, 7 Oct 2016 01:30am EDT

Delta Lloyd Nv : Delta lloyd rejects nn group's takeover proposal . Boards believe that Delta Lloyd is a strong business with a compelling strategy and a clear path to value creation on which it is showing good progress . Says proposal substantially undervalues Delta Lloyd, its prospects and its strategic opportunities .Proposal fails to reflect an appropriate share of benefits of Dutch consolidation.

Delta Lloyd rejects NN Group's takeover proposal

Friday, 7 Oct 2016 01:30am EDT

Delta Lloyd Nv : Delta lloyd rejects nn group's takeover proposal . Boards believe that Delta Lloyd is a strong business with a compelling strategy and a clear path to value creation on which it is showing good progress . Says proposal substantially undervalues Delta Lloyd, its prospects and its strategic opportunities .Proposal fails to reflect an appropriate share of benefits of Dutch consolidation.

Banca Generali head says no plan on table to buy Fineco - paper

Friday, 7 Oct 2016 01:15am EDT

Banca Generali Managing Director Gian Maria Mossa says in an interview in Il Sole 24 Ore on Friday: there is no plan on the table to buy online broker Fineco Bank from UniCredit . the company has given no formal mandate to investment banks for any acquisitions Further company coverage: [BGN.MI] (Reporting by Milan newsroom).

Delta Lloyd planning to reject takeover approach from NN Group- Bloomberg

Thursday, 6 Oct 2016 04:09pm EDT

:Dutch Insurer Delta Lloyd NV planning to reject unsolicited takeover approach from NN Group NV - Bloomberg, citing sources.

Delta Lloyd planning to reject takeover approach from NN Group- Bloomberg

Thursday, 6 Oct 2016 04:09pm EDT

:Dutch Insurer Delta Lloyd NV planning to reject unsolicited takeover approach from NN Group NV - Bloomberg, citing sources.

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