Report: Hartford nears sales of Japanese ops to Orix for $875M


Hartford Financial Services Group (HIG) is reportedly close to an agreement to sell its Japan operations to Orix Corp for $875M.

The sale would be part of Hartford's efforts to limit liabilities connected to life and retirement plans that were issued in the past.

Sterne Agee & Leach analyst John Nadel expects any sale to free up at least $600M that was supporting Hartford's Japanese obligations.

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Comments (4)
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    Beautiful!

     

    Strong Buy!
    16 Mar 2014, 04:39 AM Reply Like
  • papalobes
    , contributor
    Comments (3) | Send Message
     
    Continues to make progress in increasing value for shareholders. Becoming a buyout targets as it reduces potential exoposures. Significantly under valued. Strong buy.
    16 Mar 2014, 09:29 PM Reply Like
  • wvcrosby
    , contributor
    Comments (7) | Send Message
     
    Hartford is certainly one of the best values in the present market.
    17 Mar 2014, 02:35 AM Reply Like
  • campito
    , contributor
    Comments (132) | Send Message
     
    The question is: Would this event modify in some way the capital management plans announced in Feb 2014 during the 4Q CC?
    17 Mar 2014, 07:27 AM Reply Like
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