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AccessMyLibrary    Browse    T    The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News)    MAR-06    Prudential to buy Allstate's variable annuities unit.

Prudential to buy Allstate's variable annuities unit.

Publication: The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News)

Publication Date: 09-MAR-06
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COPYRIGHT 2006 The Record

Byline: Richard Newman

Mar. 9--Prudential Financial said Wednesday that it has agreed to buy a variable annuity business from Allstate Corp. as it continues to home in on the growing market of Americans approaching retirement age.

The deal, estimated by Prudential at $560 million, "quickly and dramatically broadens our variable annuity business and strengthens Prudential's position as a leader in growth...

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