U.K. Pru Schedules Jackson Split for Sept. 13
August 10, 2021 by Allison Bell
The leading issuer of individual variable annuities in the United States could become a stand-alone company next month.
Prudential P.L.C., the London-based parent of Jackson Financial, announced today that its shareholders will vote Aug. 27 on a proposal to split from Jackson.
If the shareholders approve the deal, then Prudential will demerge from Jackson by giving Jackson stock to its own shareholders. Prudential shareholders will get one share of Jackson stock for every 40 shares of Prudential shares that they own, or, in same cases, an equivalent amount of cash.