Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:23 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
| This Slide: #30 of 57 |
Slide #30. Protective Life Corporation — MONY Life Insurance Company
Acquirer:
Protective Life Corporation (NYSE:PL)
Acquiree:
MONY Life Insurance Company
Details:
Protective Life Corporation announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement with certain subsidiaries of AXA SAto acquire MONY Life Insurance Company and reinsure certain policies of MONY Life Insurance Company of America. Assuming a closing date of October 1, 2013, the purchase price paid to AXA is estimated to be approximately $1.06 billion, including statutory capital and surplus of approximately $303 million. The total capital investment by Protective is estimated to be approximately $1.09 billion. The transaction will be subject to customary post-closing adjustments. Assuming an October 1, 2013 close, the transaction is expected to contribute $0.10 to $0.15 to Protective's fully diluted earnings per share in 2013, $0.55 to $0.65 per fully diluted share in 2014, and $0.65 to $0.75 per fully diluted share in 2015, net of integration and transition costs.
Planet Labs designs, constructs, and launches satellites with the intent of providing geospatial data delivered to customers via an online platform. Co.'s platform includes imagery, insights, and machine learning. Co.'s satellite data and analytics reveal insights regarding a range of phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Co. serves customers across commercial and government verticals, including agriculture, mapping, forestry, finance and insurance, as well as federal, state, and local government bodies. Co.'s products serve a variety of diverse customer needs. Co. operates in the U.S., Canada, Asia and Europe.
PL SEC Filing Email Alerts Service
Preferreds: PL.PRB, PL.PRD, PL.PRC, PL.PRE
Open the PL Page at The Online Investor »
|
|||||||||||||||||||||
Open the PL Page at The Online Investor (in a new window) »
 Free PL Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Strong Buy (3.70 out of 4) 66th percentile
(ranked higher than approx. 66% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
