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Market Update : 
Lincoln Buys Jefferson-Pilot for $7.5 Billion
Author: Elena Todorova
123jump.com
Last Update: 11:34 AM EDT October 10 2005


Insurance provider Lincoln National Corp. agreed to buy Jefferson-Pilot Corp. for $7.5 billion in cash and stock in a deal that will create one of the nation's biggest public life-insurance companies. General Motors fell 4.2% after auto parts maker Delphi was pressed to file under Chapter 11 of federal bankruptcy law on Saturday.

 

 

 

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