North Western Lift to be bought out by a Prosperity Life affiliate for $500 a share

Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

National Western Life Group Inc.

announced an agreement Monday to be acquired by Prosperity Life Group affiliate S. USA Life Insurance company in a cash deal valued at $1.9 billion. National Western’s stock has been halted for news until 8:45 a.m. Eastern. Under terms of the deal, each National Western share outstanding will be converted into the right to receive $500 in cash, which represents a premium of 19.8% to Friday’s closing price of $417.19 and is 7.9% above the Aug. 30 record close of $463.22.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Central and Western District, Central and Western, Hong Kong Air Quality Index | AccuWeatherLocalized Air Quality Index and forecast for Central and Western District, Central and Western, Hong Kong. Track air pollution now to help plan your day and make healthier lifestyle decisions.
Read more »

Central and Western District, Central and Western, Hong Kong Health & Activities Weather Forecasts | AccuWeatherWeather conditions can be closely tied with health-related pains and outdoor activities. See a list of your local health and activity forecasts and recommendations.
Read more »