Posted on: April 1, 2010 by PEHub AdministratorNo Comments »
NEW YORK (Reuters) – Citigroup Inc’s (C.N) life insurance unit, Primerica Inc, priced shares in its initial public offering above the expected range in a larger-than-anticipated deal. The company sold 21.36 million shares for $15 each, raising about $320.4 million. It had planned to sell 18 million shares for $12 to $14 each. Primerica sells [...]
Posted on: March 29, 2010 by PEHub AdministratorNo Comments »
NEW YORK (Reuters) – Citigroup Inc (C.N) is set to sell off a stake worth about $234 million in Primerica Inc, which sells life insurance and financial advice, and while the deal is far from perfect, some analysts think the offering could sell well. Few other financial services companies cater to Primerica’s niche– lower-middle-class and [...]
Posted on: March 3, 2010 by PEHub AdministratorNo Comments »
NEW YORK (Reuters) – The private equity firm Warburg Pincus LLC plans to buy as much as $230 million of common stock in Primerica Inc from Citigroup Inc (C.N) in connection with the bank’s planned initial public offering for its life insurance unit. The planned purchase was revealed in a U.S. Securities and Exchange Commission [...]
Posted on: May 13, 2009 by PEHub AdministratorNo Comments »
(Reuters) – Executives at Citigroup Inc’s (C.N) Primerica Financial Services unit are looking to sell the division’s marketing arm, Bloomberg said, citing four people familiar with the matter. Private-equity firms including J.C. Flowers & Co, Blackstone Group (BX.N), and TPG Inc have been approached by the executives to gauge their interest in the division, the [...]
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