American States to explore strategic options.INDIANAPOLIS--(BUSINESS WIRE)--March 26, 1997--American States Financial Corporation (NYSE NYSE See: New York Stock Exchange :ASX ASX See: Australian Stock Exchange ) today announced that it is exploring a range of strategic options, including the potential sale of 100 percent of the company. American States has engaged Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. & Co. to assist in this process, according to Robert A. Anker, American States' Chairman and Chief Executive Officer. "Consolidation trends in the property-casualty industry may make this an opportune time to fully realize the value of the company," he observed. "We do not intend to make any further statement until the process is complete." Lincoln National Corporation Lincoln National Corporation (NYSE: LNC) is a holding company, which operates multiple insurance and investment management businesses through subsidiary companies. LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices (NYSE:LNC LNC Legal Nurse Consultant LNC Libertarian National Committee LNC Low Noise Converter LNC Lloyd Noble Center (University of Oklahoma, Norman campus) LNC Local Node Clock LNC Chief Legalman (Naval Rating) ), a Fort Wayne, Ind., financial services company, owns 83.3 percent of American States. American States is an Indianapolis-based holding company that, through its subsidiaries, writes business and personal insurance, principally in 43 states, through a nationwide network of about 4,800 independent insurance agents. CONTACT: American States Financial Corporation Investors: Mark Chappell, 317/262-6930 Media: John Cook, 317/262-6790 |
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