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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lincoln National Corporation | NYSE:LNC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.57 | -1.84% | 30.48 | 30.7681 | 30.09 | 30.60 | 1,093,942 | 01:00:00 |
From Jun 2019 to Jun 2024
Australia's Macquarie Group Ltd. (MQG.AU) said Wednesday it has agreed to acquire U.S. diversified asset management firm Delaware Investments from Lincoln Financial Group (LNC) for US$428 million cash.
In a statement, Macquarie Group said the acquisition, which is subject to regulatory approvals, is consistent with its strategy to develop a global asset management capacity.
Macquarie said Delaware, which provides investment services to retail and institutional investors, has more than US$125 billion in assets under management.
The deal will push Macquarie's total assets under management to more than US$300 billion.
Delaware President Patrick Coyne and his management team will continue to run Philadelphia-based Delaware, which employs 583 staff.
-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; lyndal.mcfarland@dowjones.com
1 Year Lincoln National Chart |
1 Month Lincoln National Chart |
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