Friday, August 27, 2010

Market Buzz: Lincoln National Corp. Gains On Takeover Chatter

Shares of Lincoln National Corp. (NYSE: LNC) shot up as much as 8% on Friday on speculation that it is being pursued by Manulife (NYSE: MFC). According to sources, LNC board has received $32.50 a share cash offer from MFC. Stay tuned for more.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire