Seeking Alpha

Protective Life (PL) has agreed to acquire Mony Life Insurance Company from France's AXA...

Protective Life (PL) has agreed to acquire Mony Life Insurance Company from France's AXA (AXAHF.PK) for $1.06B, with the deal forecast to add $0.10-0.15 to Protective Life's EPS in 2013 and $0.55-0.65 in 2014. "This book of business, comprised primarily of life insurance policies written prior to 2004...should produce a steady and predictable stream of earnings for many years to come," says Protective Life CEO John Johns. (PR) (previous)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|