Business Services Industry
UnumProvident's Stock Rises as Potential Buyers Are Named.
Knight Ridder/Tribune Business News, March, 2003
By Mike Pare, Chattanooga Times/Free Press, Tenn. Knight Ridder/Tribune Business News
Mar. 13--UnumProvident Corp., stock rose Wednesday after two days of steep declines as one analyst floated the names of potential buyers if the firm runs out of options to raise capital.
UnumProvident shares rebounded to $6.52 per share Wednesday, up 9.21 percent, after dropping nearly 53 percent earlier in the week.
American International Group and billionaire Warren Buffett's Berkshire Hathaway were cited as potential buyers by Banc of America Securities analyst Jason Zucker in a report to investors about UnumProvident.
Mr. Zucker said while there is "a low probability" of a potential buyer surfacing, a deal involving New York-based AIG has...
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