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Tuesday, October 28, 2014

Prudential Financial agrees to purchase stake in Chile's AFP Habitat, (NYSE: PRU)

Prudential Financial has agreed to purchase up to 40.29 percent of Chilean pension fund manager AFP Habitat, according to Chile's Inversiones La Construccion, the company selling the stake. Prudential Financial and Inversiones La Construccion signed a memorandum of understanding making the companies equal partners in AFP Habitat.

Prudential Financial, Inc. (Prudential Financial) is a financial services company. Shares of PRU traded higher by 2.35% or $1.99/share to $86.79. In the past year, the shares have traded as low as $75.89 and as high as $94.30. On average, 2427940 shares of PRU exchange hands on a given day and today's volume is recorded at 2674157.