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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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