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/PRNewswire/ -- Truist (NYSE: TFC) announced today that it has agreed to sell a 20% stake in Truist Insurance Holdings, Inc., a subsidiary of Truist and the...
Truist Financial Corp. announced Thursday it is selling a 20% stake in its insurance subsidiary to a private-equity group for $1.9 billion.
New platform established via join-up with private equity firm
Some shareholders say the $4.1 billion price tag for Focus Financial is too low and doesn’t reflect the trajectory and future of the business.
The company has named a new pair of co-CEOs, David Binswanger and Clay Duvall.