FBL Financial Group Inc. (NYSE:FFG) announced it has closed the previously announced sale of its subsidiary, EquiTrust Life Insurance Company, to a controlled affiliate of Guggenheim Partners, LLC in an all-cash transaction with initial sale proceeds of $471.4 million. The initial sale proceeds of $471.4 million consist of the preliminary purchase price of $440 million increased by $31.4 million for the closing net worth adjustment, calculated as the estimated change in EquiTrust Life’s adjusted statutory net worth for the nine-month period since March 31, 2011. The final price will be determined after the year-end statutory balance sheet is completed for EquiTrust Life and a further post-closing adjusted statutory net worth reconciliation is calculated.
FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products in the United States.
Global Hunter (GBLHF.PK)
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
La Corona de Cobre, Chile:
+18,000 hectare land package in coastal belt of Andean Cordillera of Chile on the Atacama Fault Zone.(”Chilean Iron-Copper Belt”)
Project Highlights
- Copper oxide deposit, leachable
- Existing NI 43-101 Resource Estimate (225 million pounds of copper)
- Management with proven track record
- Highly qualified technical team
- Low operating costs of appr. $ 1.00/lb (preliminary calculation)
- Substantial upside potential (resource covers less than 0.1% of total area)
Rabbit South, British Columbia:
1,900 hectare land package between two of British Columbia’s most successful copper mines (Afton and Highland Valley)
Project Highlights
- 1,900 hectares 26km from Kamloops, British Columbia, between the Afton and Highland Valley copper mines
- 86 holes drilled on property from 1979 to 2005
- Two large target areas identified
- Recent drilling confirms presence of wide-spread near-surface molybdenum mineralization
Copper is one of man’s oldest metals, dating back more than 10,000 years. Still usable fragments of copper plumbing have been found that are more than 5,000 years old.
Today, it remains a popular choice for plumbing and gas-fitting world-wide because it offers many benefits over other materials.
Long-lasting - properly installed copper meets the full building lifetime durability required by the Building Act
Proven over centuries of use - copper is the only plumbing material with years of proven trouble-free service
100% natural and recyclable - CU is one of nature’s primary elements, with significant resources world-wide. It is fully recyclable, with a world-wide recycling rate higher than any other engineering metal
Versatile - copper is ideal for domestic, commercial and industrial applications, gas and water reticulation, hot and cold water, solar and central heating, cryogenics, fire sprinkler systems - and that is in the plumbing and gas-fitting fields alone
Impermeable - contaminants cannot permeate from the external environment
For more information please visit official website of GBLHF.PK: www.globalhunter.ca/homeabout.html
The New York Times Company (NYSE:NYT) has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments. The transaction is expected to close within a few weeks and upon completion of the sale, the Company will record an after-tax gain on the sale in the first quarter of 2012. The Company intends to use the net proceeds for general corporate purposes. The Company estimates the net after-tax proceeds from the sale will be approximately $150 million.
The New York Times Company operates as a diversified media company in the United States. It operates in two segments, News Media Group and About Group.
MetLife, Inc. (NYSE:MET) announced that GE Capital Financial Inc. will acquire most of the depository business of MetLife Bank, N.A. Financial terms of the transaction, which is expected to close in the second quarter of 2012, were not disclosed.
MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs primarily in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East.
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