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Article: Subsidiary of Swiss Re Life & Health America Holding Company Purchases Shares in Tender Offer For All Outstanding Shares of Southwestern Life Holdings Inc.
- Article from:
- PR Newswire
- Article date:
- June 18, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. 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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STAMFORD, Conn. and DALLAS, June 18 /PRNewswire/ --
SW Holdings Inc., a wholly owned subsidiary of Swiss Re Life & Health America Holding Company, today announced that it has accepted for payment, and paid for, 9,017,944 shares of the issued and outstanding common stock, par value $0.01 per share (the "Shares"), of Southwestern Life Holdings Inc. (Nasdaq: SWLH), a Delaware corporation. The Shares were tendered in an offer commenced by SW Holdings on May 11, 2001, for all of the issued and outstanding Shares. The purchased Shares represent approximately 99.5 percent of the issued and outstanding stock of Southwestern.
SW Holdings expects that a merger of ...