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Pru Closes On CIGNA Retirement Business

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NU Online News Service, April 1, 2004, 4:25 p.m. EST — Prudential Financial Inc., Newark, N.J. has completed previously announced plans to acquire a large retirement services business from CIGNA Corp., Philadelphia, for $2.1 billion in cash.[@@]

Prudential will be folding the CIGNA retirement business into its own Prudential Retirement unit.