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By BlogUser5 on

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective”) today announced the completion of the acquisition of Protective by The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in accordance with the terms of the previously announced Agreement and Plan of Merger dated June 3, 2014, among Protective, Dai-ichi Life and DL Investment (Delaware), Inc., a wholly owned subsidiary of Dai-ichi Life. As a result of the merger, each outstanding share of common stock of Protective was converted into the right to receive $70 per share in cash, and Protective has become a wholly owned subsidiary of Dai-ichi Life. Protective common stock has ceased trading, and will be delisted from the New York Stock Exchange.

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By BlogUser5 on

BIRMINGHAM, Ala. & TOKYO--(BUSINESS WIRE)--Dai-ichi Life Insurance Company, Limited (TSE: 8750) (“Dai-ichi Life”) and Protective Life Corporation (NYSE: PL) (“Protective”) today announced that they have entered into a definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corporation for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion. The transaction consideration represents a 34% premium over Protective's unaffected closing stock price of $52.30 on May 30, 2014.


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By BlogUser5 on

Saint Louis, Missouri— April 29, 2014 — Protective Asset Protection has announced the promotion of Bill Koster to Vice President of Sales – Specialty Products. In his new role, Bill assumes responsibility for sales and distribution of the RV, marine and powersports lines of business

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By BlogUser5 on

Edina, Minnesota – November 4, 2013 – Protective Asset Protection has launched program enhancements to the XtraRide® Powersports Protection Plan. These updates represent product improvements that will strengthen Protective Asset Protection’s service contract offering for the powersports industry.

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By BlogUser5 on

Protective Life Corporation (NYSE: PL) today announced that Scott Karchunas has assumed senior management responsibility for
Protective Asset Protection...


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