French insurer Axa completes acquisition of MONY Group.French insurance group Axa said it completed its $1.48 billion acquisition of MONY MONY Mutual of New York (Insurance - Syracuse, NY) Group Inc. after clearing all regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. hurdles and satisfying all conditions of the merger agreement. MONY is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Axa financial-services subsidiary Axa Financial Inc. "We believe this merger significantly enhances the scale of Axa Financial and that, together, our industry-leading brands, robust production platforms, multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple distribution networks, strong client bases and highly dedicated and trained sales and employee work forces will enable us to greatly expand our presence and influence in the U.S. market for financial advice," said Axa Financial's president and chief executive officer, Christopher Condron, in a statement. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion