Japan’s Dai-ichi Life Co. may be interested in acquiring Protective Life Corp. (NYSE:PL) of Birmingham, according to news reports. Reuters reports that Dai-ichi is in advanced talks to buy Protective for around $5 billion. Protective Life Corp. (NYSE:PL) stock opened today at $59.91 and is currently trading at $58.35. The stock showed a positive weekly performance of 3.32%.
National Bank of Greece (ADR)(NYSE:NBG) announces that it has launched an offer to purchase for cash up to 22,500,000 of the outstanding 25,000,000 American Depositary Shares (ADS CUSIP 633643507) (each, an “ADS” and collectively, the “ADSs”), each representing one of its Non-Cumulative Preference Shares, Series A, nominal value €0.30 per share (the “Preference Shares”), upon the terms and subject to the conditions set forth in the Offer to Purchase dated May 31, 2013 (the “Offer to Purchase”) and the accompanying Letter of Transmittal (the “Letter of Transmittal”), which, as each may be amended and supplemented from time to time, constitute the offer (the “Offer”). National Bank of Greece (ADR) (NYSE:NBG) stock opened at $3.66, in current trading session and currently is at $3.56, by losing -2.55%. The 52 week range of $2.85 – $9.20. Company’s market capitalization is 8.53 billion.
Bank of America Corp (NYSE:BAC) Misra says she stopped looking at the gap between the rate on 10-year interest-rate swaps and yields on benchmark government debt as a measure of risk. The gauge, which usually widens as investors seek out haven assets in times of stress, is being distorted as those betting on losses in Treasuries have unwound their trades, she said. Bank of America Corp (NYSE:BAC) stock is currently trading at $15.05. The EPS of the stock is 0.75. Company’s market capitalization is 158.30 billion.
Dunes Point Capital, the investment firm started last year by former Blackstone Group LP (NYSE:BX) executive Timothy White, purchased the manufacturing businesses of Alco Industries Inc. for an undisclosed amount, according to two people familiar with the situation. The Blackstone Group L.P. (NYSE:BX) stock opened the session at $31.26, and now is at $31.06. The 52 week range of the The Blackstone Group L.P. (NYSE:BX) stock remained $19.15 – $35.39 and the day range was $31.02 – $31.55.
MasTec, Inc. (NYSE:MTZ) announced that it expects second quarter results to be negatively impacted by new and unexpected delays in wireless project spending activity as well as weaker than expected oil and gas segment results. MasTec, Inc. (NYSE:MTZ) stock opened today at $31.49 and is currently trading at $31.55. The stock showed a negative weekly performance of -6.20%.