Why The Hartford Took a Hit on Wall Street
National News October 6, 2008
The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades.
"We've got contagion right ...
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Subject: RE: RE: RATING FOLKS!
Posted On: October 7, 2008, 7:46 am CDT
Posted By: Riiiiiiight.....
Comment:
HARTFORD: Ramani Ayer, The Hartford's chairman and chief executive, said that the recent deal did not indicate that the company was becoming less independent and described Allianz as a financial investor. A "stand-still" provision in The Hartford's new agreement prohibits Allianz from buying more than 25 percent of its stock or proposing a merger for ten years, although the provision can be reversed if both companies agree.
something tells me that they'll be "agreeing" to talk merger soon....
?
Subject: RE: RE: RATING FOLKS!
something tells me that they'll be "agreeing" to talk merger soon....
?