Prudential to complete Jackson Financial spin-off next month By Reuters
© Reuters. FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. REUTERS/Simon Dawson/File Photo
(Reuters) – British insurer Prudential (LON:) Plc said on Friday shareholders approved the demerger of its U.S. business Jackson Financial, which is expected to be completed on Sept. 13, after it postponed the spin-off earlier this year.
After the demerger, which was announced last year following pressure from activist investor Third Point, Jackson’s class A common stock will begin regular-way trading on the New York Stock Exchange from Sept. 20, Prudential said.
Fintech Zoom or anyone involved with Fintech Zoom will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.