Legal & General agrees to sell US unit to Meiji Yasuda for $2.3bn
Meiji Yasuda also plans to take a 20% interest in L&G's US PRT business and acquire 5% of L&G's shares from the market.
L&G to sell US protection business to Meiji Yasuda for $2.3bn
Legal & General is to sell its US protection business to Japanese peer Meiji Yasuda in a $2.3bn deal that will see the latter take a 5% stake in UK financial services group.
Britain's L&G sells US protection unit to Japanese insurer for $2.3 billion
Legal & General said on Friday it would sell its U.S. protection business to Japan's Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic move so far under CEO António Simões.
Legal & General to Sell U.S. Protection Business in $2.3 Billion Deal
The insurance company expects to return an extra $1.24 billion to shareholders via buybacks upon completion of the sale.
Legal & General reaches £1.8bn deal to to sell US protection arm
The financial services giant said it would offload its US protection arm for $2.3billion (£1.8billion) to Meiji Yasuda, one of Japan's oldest and largest insurers.
British insurer L&G to sell US protection unit for $2.3 billion
(Reuters) -British life insurer Legal & General said on Friday it would sell its U.S. protection business to Japan's Meiji Yasuda for $2.3 billion in cash, in one of the biggest strategic moves so far under CEO António Simões.
Legal & General to sell US protection arm for £1.8bn
The London-listed life insurance and pensions firm saw shares jump higher in early trading on Friday as a result.
Insurance Asia on MSN1d
Meiji Yasuda plans acquisition of US-based Banner Life
The sale is estimated at $2.3b. Meiji Yasuda Life is set to acquire Legal & General America, Inc. and its US subsidiary, ...
ジャパンタイムズ2d
Meiji Yasuda to acquire U.S. peer Banner Life
Meiji Yasuda Life Insurance said Friday that it will acquire Banner Life Insurance for about ¥352.2 billion while investing ...
Legal & General Deal With Japanese Life Insurer Could Be The Catalyst It Needs To Improve The Share Price
Legal & General Group plans a GBP 1 billion share buyback and growth strategy. Find out why LGGNY stock remains a Buy with ...
planadviser.com1d
Legal & General to Sell 20% Stake in PRT Business
In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.
Legal & General Stock Jumps on $2.3B Deal with Meiji Yasuda Life Insurance
Legal & General (LGEN) stock is up today after the investing and insurance company announced the sale of its U.S. protection ...
Legal & General Sells US Protection Business, Forms Strategic Partnership With Japan's Meiji Yasuda: Details
Legal & General Group (OTC:LGGNY) has agreed to sell its US insurance entity, comprising its US protection and US Pension ...
insurancebusinessmag4d
Legal & General to offload US arm
According to Bloomberg, Meiji Yasuda will acquire full ownership of L&G’s US protection business while also securing a 20% ...
L&G shares jump on Meiji Yasuda partnership deal
Legal & General shares have jumped 8% after the insurer announced the sale of its US protection business to Meiji Yasuda. The ...
reinsurancene4d
L&G to sell US insurance entity to Meiji Yasuda for $2.3bn
Legal & General has agreed to sell its US insurance entity, comprising its US protection and US Pension Risk Transfer ...
Pensions&Investments4d
L&G to sell U.S. insurance unit to Japan's Meiji; creates pension risk transfer, asset management partnerships
Legal & General Group agreed to sell its U.S. protection entity, which includes its local pension risk transfer business, to ...