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Article: Aetna to restructure businesses; Record 1996 third and fourth quarter charges.
- Article from:
- Business Wire
- Article date:
- October 10, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 10, 1996--
-- $32 Million After-Tax Charge in Third Quarter Related to Retirement Services --
-- $275 Million After-Tax Charge in Fourth Quarter Related to Health Integration --
Aetna (NYSE: AET) today announced that it will record after-tax restructuring charges against third and fourth quarter 1996 operating earnings. An after-tax charge of approximately $32 million (or $0.22 per share) will be recorded in the third quarter of 1996 related to restructuring actions in its retirement services business. An after-tax charge of approximately $275 million (or $1.82 per share) related to the ...