January 19, 2018 / 12:46 PM / a month ago

Lincoln Financial to buy Liberty Life Assurance Company for $3.3 bln

Jan 19 (Reuters) - Lincoln Financial Group said on Friday it would acquire Liberty Life Assurance Company of Boston for around $3.3 billion from Liberty Mutual.

The deal, which will be financed with cash and debt, is expected to be accretive to the Lincoln's earnings per share in 2019. reut.rs/2mR0Ro5

The acquisition is expected to be completed in the second quarter of 2018, Radnor, Pennsylvania-based Lincoln Financial said.

Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur

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