Previous Close | 50.80 |
Open | 50.80 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 50.50 - 51.20 |
52 Week Range | 42.05 - 51.20 |
Volume | |
Avg. Volume | 24,890,406 |
Market Cap | 740.795B |
Beta (5Y Monthly) | 0.65 |
PE Ratio (TTM) | 15.59 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.90 (1.78%) |
Ex-Dividend Date | Jun 28, 2023 |
1y Target Est | N/A |
Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet's ambition of expanding into the asset management sector in the United States. Under its current three-year plan, Generali had been seeking acquisition targets in insurance and asset management, earmarking up to 3 billion euros ($3.25 billion) for M&A transactions and citing possible deals in Europe, Asia and the United States.
Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet's ambition of expanding into the asset management sector in the United States. Under its current three-year plan, Generali had been seeking acquisition targets in insurance and asset management, earmarking up to 3 billion euros ($3.25 billion) for M&A transactions and citing possible deals in Europe, Asia and the United States.