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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dai Ichi Life Insurance Company Ltd (PK) | USOTC:DCNSF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.48 | 22.41 | 27.79 | 0.00 | 21:01:35 |
TOKYO--Dai-ichi Life Insurance Co. (8750.TO) said Wednesday it plans to issue up to Y250 billion in new shares to finance its acquisition of U.S. life insurer Protective Life Corporation.
Dai-ichi Life said it will issue new shares between June 12 and June 11, 2015, with Goldman Sachs as an underwriter for the deal.
Also on Wednesday, Japan's third-largest private life insurer announced it will acquire all outstanding shares of Protective Life for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Dai Ichi Life Insurance (PK) Chart |
1 Month Dai Ichi Life Insurance (PK) Chart |
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