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Prudential (PRU) has emerged as the lead bidder for Hartford Financial's (HIG) individual life...

Prudential (PRU) has emerged as the lead bidder for Hartford Financial's (HIG) individual life insurance business, which may sell for ~$1B, Bloomberg reports. HIG has been divesting units after stakeholder John Paulson pressured it to improve results by narrowing its focus to property-casualty coverage. HIG +1.5% AH.
Comments (1)
  • DeepValueLover
    , contributor
    Comments (8949) | Send Message
     
    I've been pretty impressed with HIG management over the last quarter or two. This may call for a closer look.

     

    There is a lot an executive team can do when your shares trade at such a radical discount.
    18 Aug 2012, 05:14 AM Reply Like
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