As of January 2 AXA Financial Inc., officially ceased to be an independent company and became a wholly owned subsidiary of its French parent The AXA Group. Its shares are no longer listed on the NYSE.
AXF, the Group’s U.S. holding company includes Equitable Life Assurance Society, AXA Advisors, Equitable Distributors and Alliance Capital Management among other subsidiaries.
The terms and conditions remained as previously announced. AXF shareholders received 0.295 of an AXA ADS and $35.75 in cash. Together the package is currently worth around $56 a share, slightly higher than the $54.63 announced earlier due to the rise in value of an AXA ADS share.
AXA issued an additional 25,804,667 ordinary shares as part of the transaction.
Topics Mergers & Acquisitions AXA XL
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal 
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups 
US Supreme Court Rejects Trump’s Global Tariffs 
