Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Investment Bankers Eye Phoeni

X
Your article was successfully shared with the contacts you provided.

The board of Phoenix Companies Inc. probably will give company managers there more time to try to increase company earnings.[@@]

John Nadel, a securities analyst at Fox-Pitt, Kelton, New York, makes that prediction in a comment about an investor day gathering that Phoenix, Hartford, held Tuesday.

Several investment bankers attended, but that might be because the bankers are hoping Phoenix will use the proceeds from a proposed securitization of a large closed block of business to make a small, “bolt-on” acquisition, Nadel writes.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.