Printer Friendly

PRIMERICA AND TRAVELERS IN MERGER DISCUSSIONS

 NEW YORK and HARTFORD, Conn., Sept. 22 /PRNewswire/ -- Primerica Corporation (NYSE: PA) and The Travelers Corporation (NYSE: TIC) jointly announced today that they are engaged in discussions concerning a possible business merger. The terms under negotiation involve a proposed exchange of .80423 Primerica shares for each Travelers share.
 The merger, if consummated, would result in one of the largest financial services companies in America. The newly merged company would be called The Travelers. The parties stated that negotiations are continuing.
 -0- 9/22/93
 /CONTACT: Mary McDermott, 212-891-8870, or Barbara Yastine, 212-891-8872, both of Primerica, or Wilson W. Wyatt Jr., 203-277-1500, or Stephen Willcox, 203-277-2006, both of Travelers/
 (PA TIC)


CO: Primerica Corporation; The Travelers Corporation ST: New York, Connecticut IN: FIN SU: TNM

TW -- NY013 -- 4550 09/22/93 09:28 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 22, 1993
Words:133
Previous Article:NOVACARE PROVIDES ACQUISITION FINANCING FOR REHABCLINICS
Next Article:TEMCO SERVICE INDUSTRIES, INC. REPORTS THIRD QUARTER RESULTS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters