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Altria Announces Pricing of Previously Announced Cash Tender Offers
February 16, 2021 GMT
RICHMOND, Va. (BUSINESS WIRE) Feb 16, 2021
Altria Group, Inc. (“Altria”) (NYSE: MO) today announced the pricing terms for its previously announced cash tender offers for certain of its outstanding senior unsecured notes (each, a “Tender Offer” and collectively, the “Tender Offers”).
Tender Offers
Summarized in the table below are the applicable Reference Yields and Total Consideration to be paid in connection with the Tender Offers for (i) up to an amount that is sufficient (the “Pool 1 Maximum Amount”) to allow Altria to accept for purchase all of its 2.850% Notes due 2022 and 2.950% Notes due 2023 (collectively, the “Pool 1 Notes”) that were validly tendered and not validly withdrawn as of the Early Tender Date (collectively, the “Pool 1 Tender Offers”), (ii) up to an am
Press release content from Business Wire. The AP news staff was not involved in its creation.
Aquarian Holdings Announces Agreement to Acquire Pavonia Life Insurance Company of New York
February 16, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 16, 2021
Aquarian Holdings (“Aquarian”) announced today that it has entered into a definitive agreement to acquire Pavonia Life Insurance Company of New York (“PLICNY”) from a wholly owned U.S. subsidiary of Enstar Group Limited. Founded in 1971, PLICNY is a New York-domiciled insurance company licensed to underwrite business in New York and Delaware.
The transaction is subject to customary closing conditions, including regulatory approval by the New York State Department of Financial Services. Terms of the transaction were not disclosed.