NU Online News Service, July 8, 2004, 10:22 a.m. EDT
AXA Financial Inc. has succeeded at acquiring The MONY Group Inc., New York.[@@]
After spending months battling complaints from some institutional investors about the $1.5 billion deal price, AXA Financial, New York, has completed all of the steps necessary to close on the transaction.
AXA Financial, a unit of AXA S.A., Paris, reports that it has received all required regulatory approvals and completed the process of de-listing MONY’s stock from the New York Stock Exchange. MONY’s stock stopped trading before the market opened today.