Business Services Industry
Protective Life Announces Public Offering Of Common Stock
Business Wire, May 10, 1996
BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 10, 1996--Protective Life Corporation (NYSE: PL) today announced its intention to make an offering of 2,000,000 shares of its Common Stock.
The offering is to be made through underwriters represented by Goldman, Sachs & Co., Dean Witter Reynolds Inc., Merrill Lynch & Co. and The Robinson-Humphrey Company, Inc.
Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States and Hong Kong. It currently has annual revenues of approximately $1.0 billion and assets of approximately $7.6 billion.
A prospectus relating to the offering of the shares may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, 212/902-1171.
CONTACT: Protective Life Corporation, Birmingham
John D. Johns, 205/868-4400
Jerry W. DeFoor, 205/868-3596
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