UPDATE: TGP, JC Flowers, Resolution Said to Bid For Allstate Unit - Reuters
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(Updated - June 13, 2013 5:26 PM EDT)
Private equity firms TGP and JC Flowers and Britain's Resolution Group are said to have bid for Allstate's (NYSE: ALL) Lincoln Benefit Life subsidiary, said Reuters, citing sources. The subsidiary could be valued at $500 to $900 million. JC Flowers and TPG have teamed for a joint bid.
Private equity firms TGP and JC Flowers and Britain's Resolution Group are said to have bid for Allstate's (NYSE: ALL) Lincoln Benefit Life subsidiary, said Reuters, citing sources. The subsidiary could be valued at $500 to $900 million. JC Flowers and TPG have teamed for a joint bid.
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