Prosperity Life to Buy Annuity Issuer for $1.9B
October 11, 2023 by Allison Bell
An insurer backed by Elliott Investment Management lost out on an effort to acquire one publicly traded U.S. annuity issuer in February, but now it has reached an agreement to acquire another.
The insurer, Prosperity Life Group, has agreed to pay about $1.9 billion in cash for National Western Life Group.
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Originally Posted at Think Advisor on October 10, 2023 by Allison Bell.
Categories: Industry Articles