Under terms of the deal, Jefferson-Pilot shareholders will receive 1.0906 Lincoln shares, a cash payment or a combination of shares and cash valued at $55.48 for each Jefferson-Pilot share they own. The combination offer represents a 9.2 percent premium over Jefferson’s Friday closing price of $50.79 on the New York Stock Exchange. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! “It makes perfect sense, and it’s just what the doctor ordered,” analyst Tamara Kravec, who follows both companies for Bank of America Securities LLC, wrote to investors after the announcement. “Given the challenging operating environment for life insurers, we believe this merger makes perfect sense,” she wrote. “The products and distribution channels of both companies are complementary and there is little overlap.” In an interview, Kravec compared the deal to MetLife Inc.’s $11.5 billion purchase of Citigroup Inc.’s Travelers Life & Annuity and most of Citigroup’s international insurance business earlier this year. “From a strategic sense, they both were in a search for scale and size,” she said. “Scale is more important than it used to be. Shelf space is dwindling, and you need to be in the top five to get market share.” The deal would combine Lincoln’s strengths in life and annuities products with Jefferson-Pilot’s sizable presence in fixed and variable universal life and fixed annuities, including equity-indexed annuities and other insurance, the companies said. CHARLOTTE, N.C. – Lincoln National Corp. said Monday that it will acquire rival Jefferson-Pilot Corp. for about $7.5 billion in cash and stock, as the two century-old companies create what executives said would be one of the largest publicly traded life insurance companies in the U.S. The buyer, which will retain the Lincoln National and Lincoln Financial Group names, will be the nation’s largest seller of universal life insurance products and a leader in group disability insurance and retirement plan assets, the companies said. The deal is expected to be completed in the first quarter of 2006 after shareholder and regulatory approval. Executives predicted annual cost savings of about $180 million after the two companies are combined. Lincoln National has annual sales of $5.4 billion, while Jefferson-Pilot has annual sales of $4.1 billion.
New Delhi, Oct 25 (IANS) Actress Neetu Chandra, who has been a sportswoman too, says she would love to do a biopic on legendary athlete P.T. Usha as she feels telling stories of successful Indian women can inspire young girls to take up sports seriously.Neetu has recently been appointed community ambassador of Patna Pirates, the Pro Kabaddi team from her hometown Patna. She has a natural affinity towards sports as she has been involved in the promotion of basketball in the country through her close association with the NBA and Taekwondo.Asked if she would like to do a sports biopic and if yes, on whose life, Neetu told IANS over email: “Yes, why not! I’m a sportsgirl myself. I represented India three times and a fourth Dan black belt. And I’ve been associated with NBA basketball of India for six years now.”I still play a lot and I’m an actor too. So I’d be more than happy to do a biopic on the life of sportswoman P.T. Usha. She has been an exceptional sportsperson with a truly incredible journey and I’d love to bring her inspiring journey alive on screen.”She finds it “fabulous” that there are films being made on the lives of successful Indian sportswomen.”That could actually inspire a lot of girls in India to play some or the other sport which is very important because playing any sport would help in personality, grooming, growth, confidence, sincerity, and discipline which is very essential for anyone’s life,” added the “Garam Masala” and “Traffic Signal” actress.What urged her to be a community ambassador for Patna Pirates?”I was born and brought up in Patna… I’m very emotional towards Patna because I have grown up and learned my sports here and played for India,” said Neetu, who finds the Patna Pirates team very strong.”I love the tactics and strategy with which they play. And it reminds me of my childhood when I used to play. It is a very strong team also as they are very united. I was always favouring Patna and when they offered me to be the community ambassador, I thought this was a great opportunity to associate with them and go back to my roots.”As a community ambassador, she will be travelling with them for their practice sessions and will be cheering them in all their matches. “I’ll be representing and being the face of the team in a very sporty and positive way,” she said, adding that “kabaddi is a great sport because it keeps you on your toes, alert and you have to strategize very well”.”You’re not only playing the game physically but even mentally. Also, while playing the game and saying ‘kabaddi kabaddi’, your breathing has to be very strong and it also helps you in a certain kind of breathing practice which is great for health. So I think that detailing of breath holding and saying kabaddi makes it all the more unique as compared to the other games.”–IANSrb/bgadvertisement
Kolkata: West Bengal Chief Minister Mamata Banerjee on Saturday said the ISRO scientists worked hard for Chandrayaan-2 mission and the nation is with them.The lunar mission’s lander ‘Vikram’ lost contact with the ground station minutes before its planned soft landing on moon surface.”We are proud of our scientists. The @isro team worked hard for #Chandrayaan2. A befitting tribute to our founding fathers who envisioned India’s place in the league of scientifically advanced nations far ahead of their times,” she tweeted.She congratulated the ISRO scientists and said the nation is with them.”A testimony to the scientific temper they ingrained in us, and their unmatched caliber and dedication. My sincere gratitude and congratulations to @isro. We are all with you.May you continue to make us proud,” she added.
Related Items:#JubileeGardenscleanup, #JubileeGardensfire, #magneticmedianews We March takes a third trek Facebook Twitter Google+LinkedInPinterestWhatsApp Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, March 14, 2017 – Nassau – Tests are turning up promising results so far said Environmental Health teams which on Saturday went into the Jubilee Gardens area. No soot from the smoke and residents are encouraged to come home and air out their houses and begin to clean up. The Department said there is only smoke damage and some roofs in the eastern side of the Community will need to be reviewed. Jubilee Gardens residents were encouraged to wear the proper gear as they get into cleaning.#MagneticMediaNews #JubileeGardensfire #JubileeGardenscleanup Jubilee fire burning two weeks, Residents asked to stay away NEMA says 600 homes impacted by dump inferno
KUSI Newsroom, KUSI Newsroom Posted: July 19, 2019 American Red Cross blood drive at the Del Mar Races 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsDEL MAR (KUSI) – Sunday, you and your family can enjoy a day at the races at the Del Mar racetrack, and save a life while you’re there.The Del Mar Thoroughbred Club and the American Red Cross are teaming up to host a blood drive during Del Mar’s “Family Fun Day.”Ramon Coriano from the American Red Cross told us all about the event and if you register to donate, you get two FREE tickets to the track that day. July 19, 2019 Categories: Local San Diego News FacebookTwitter