Business
Torchmark Drops Takeover Bid: Torchmark Corp. has dropped its $6.4-billion hostile bid for much bigger rival American General Corp. but said it still plans to go through with its proxy battle for the nation’s fourth-largest insurance company.
April 3, 1990
The usually staid insurance business produced what could become the year’s biggest takeover battle Wednesday, as mid-sized insurer Torchmark Corp. launched a $6.34-billion bid for the much larger American General Corp.
March 29, 1990
American General Corp.
March 30, 1990
American General Corp., embroiled in a bitter proxy battle with Torchmark Corp. for control of the huge Houston-based insurance company, said today that it is putting itself up for sale.
May 2, 1990
American General Corp., a large diversified insurance company, said today it received a $50-a-share takeover bid worth an estimated $6 billion from Torchmark Corp., a much smaller insurer.
March 28, 1990
American General Corp. stunned shareholders and one suitor Wednesday by putting itself up for sale, in an auction expected to fetch $7 billion for the nation’s fourth-largest insurance company.
May 3, 1990
Waddell & Reed Financial Inc., a U.S. money manager that oversees $37 billion, said Wednesday that a California state court dismissed a civil complaint over commissions and accounting for its variable annuity assets.
May 6, 2004
The stock market was mixed Thursday in the face of some selling that ended a five-session winning streak for the Dow Jones industrial average.
Jan. 31, 1986
American General Declares Victory: American General Corp., declaring victory in a proxy contest with Torchmenrk Corp., said that its slate of directors were re-elected to the company’s bord by a wide margin at its annual meeting earlier this month.
May 23, 1990
Birmingham, Ala.
Dec. 13, 1988