Truist agrees to sell rest of insurance unit for $15.5B
The all-cash sale is expected to close in the second quarter, the groups said. Truist's board voted unanimously to approve the deal.
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The all-cash sale is expected to close in the second quarter, the groups said. Truist's board voted unanimously to approve the deal.
(Bloomberg) -- Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to group led by Stone Point Capital and Clayton Dubilier & Rice.Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Make-or-Break Moment: Markets WrapAmazon Deserves to Be Called Out for Swindling UsersThe all-cash transact
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