Bankers' board declares regular quarterly cash dividend, dissolves special committee.CHICAGO--(BUSINESS WIRE)--May 31, 1995--Bankers Life Holding Corp. (NYSE NYSE See: New York Stock Exchange : BLH BLH Baldwin-Lima-Hamilton (locomotive manufacturer) BLH Bellingham, Washington (border patrol station) BLH Bidirectional Long Haul ) said today that its board of directors today declared a regular quarterly cash dividend on its common stock of 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable July 3, 1995, to holders of record June 20. Bankers' board today also dissolved the special committee of independent directors it formed in March 1995 to review the proposal from Conseco, Inc. (NYSE: CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) to acquire by merger for $22.00 per share all of BLH's publicly traded shares. As reported, Conseco withdrew its proposal on May 26th. Bankers Life Holding Corp., headquartered in Chicago, Ill., is a specialized insurance holding company. Bankers' principal subsidiary, Bankers Life and Casualty Bankers Life and Casualty is primarily a health insurance company in the United States. It was founded in 1879 and was previously known as White Cross. It was formerly owned by millionaire investor John D. Company, is a leading provider of Medicare supplement, long-term care and other individual health, life, annuity and group insurance products, which it markets through career agents and other distribution channels. CONTACT: Bankers Life Holding Corp., Chicago Patrick Mitchell, 312/396-7099 |
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