Reuters: Mergers News: Prudential says buying U.S. business from Swiss Re

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Prudential says buying U.S. business from Swiss Re May 31st 2012, 04:56 HONG KONG | Thu May 31, 2012 12:56am EDT HONG KONG May 31 (Reuters) - Britain's No.1 insurer Prudential Plc on Thursday said it will buy SRLC America Holding Corp from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through Prudential's U.S. subsidiary Jackson National Life Insurance Co. Trading in Hong Kong-listed shares of Prudential was suspended earlier on Thursday pending the release of price-sensitive information, the Hong Kong stock exchange said. Prudential last closed down 1.6 percent at HK$82.80 in Hong Kong and its London-listed shares closed down 3 percent at 673 pence.

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