Prosperity Life's unit to buy insurer National Western in $1.9 billion deal

📆 2023-10-09 4:53 PM

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📆 2023-10-09 4:53 PM
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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips - A unit of Prosperity Life Group agreed to buy life insurer National Western Life Group in a deal valued at $1.9 billion, the companies said on Monday.

The deal gives National Western a value of $500 per share, a premium of nearly 20% to its stock's last close on Friday. Mergers and acquisitions in the U.S. corporate space are starting to pick up pace after a dull 2022, boosted by hopes that the Federal Reserve could engineer a soft landing for the economy.

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