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NOT A SUBSCRIBER?Lincoln National to tap TARPPosted on June 15, 2009 1:45 PM
Lincoln National Corp. on Monday unveiled a $2.1 billion capital-raising initiative, plans to tap into the U.S. Treasury's Troubled Asset Relief Program, and an agreement to sell its U.K. insurance business to Canada's Sun Life Financial Inc.
Lincoln National, the holding company for Lincoln National Life Insurance Co., said it would pursue a $600 million share offering. J.P. Morgan Securities Inc. and Bank of America Merrill Lynch are serving as global coordinators and Goldman, Sachs & Co. and Morgan Stanley as joint bookrunning managers. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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