The following corporate finance-related stories were reported by media:* Japanese insurer Dai-ichi Life Co is in advanced talks to purchase Protective Life Corp of the United States in a deal that could be worth over $5 billion, a source with direct knowledge of the matter said on Monday.
Protective Life Corporation is a holding company. Shares of PL traded higher by 0.35% or $0.18/share to $52.30. In the past year, the shares have traded as low as $36.36 and as high as $54.48. On average, 364591 shares of PL exchange hands on a given day and today's volume is recorded at 338930.
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