Conseco/Green Tree Merger Receives Early Wait Termination Under Hart-Scott-Rodino Act.CARMEL, Ind.--(BUSINESS WIRE)--May 5, 1998--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) said today that the Federal Trade Commission and the Antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. Division of the Department of Justice have granted early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvement Act for Conseco's proposed merger with Green Tree Financial Corporation (NYSE:GNT GNT Good News Translation (Bible) GNT Generation Nouvelles Technologies (Paris, France) GNT Greek New Testament GNT Grand National Teams (ACBL Bridge competition) ). As reported, subject to the receipt of required approvals, the parties expect to close the merger late in the second quarter or in the third quarter of 1998. Green Tree Financial Corporation is a leading diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company with nationwide operations serving customers in the consumer finance, commercial finance and insurance markets. Founded in 1975, Green Tree has 6,000 employees at 200 company locations that work with over 20,000 independent retail dealers across the country as well as directly with consumers and businesses. Headquartered in Carmel, Ind., Conseco is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization dedicated to providing its customers with solutions for both wealth protection and wealth creation. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities and universal life insurance. -0- World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO Fax-on-Demand 800.344.6452 CONTACT: Conseco, Inc. Jim Rosensteele, 317/817-2893 |
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