The Hartford Financial Services Group has agreed to make a cash tender offer for all of the publicly held shares of Hartford Life Class A Common Stock for $50.50 a share. The transaction is expected to be completed within 30 days of the offer. Any shares not purchased in the offer would be acquired by The Hartford in a subsequent merger transaction at the same $50.50 per share cash price. When the transaction is completed, Hartford Life will be wholly owned by The Hartford. The transaction completes a restructuring of The Hartford into two major operating entities: worldwide life operations and worldwide property-casualty operations.
Was this article valuable?
Here are more articles you may enjoy.
World’s Growing Civil Unrest Has an Insurance Sting 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Experian Launches Insurance Marketplace App on ChatGPT 
Judge Awards Applied Systems Preliminary Injunction Against Comulate From This Issue
