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Stock impact report

Lincoln National Secures $825M Strategic Investment From Bain Capital [Yahoo! Finance]

Lincoln National Corporation (LNC) 
Last lincoln national corporation earnings: 2/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This all-cash deal values Lincoln's shares at $44 each, representing a 25% premium over its recent 30-day average. The insurer will sell 18.8 million of its shares. LNC shares jumped 14% yesterday. Alongside the equity investment, the two firms have entered into a 10-year, non-exclusive investment management agreement. Hence, LNC can still work with others. Through this arrangement, Bain Capital, a private global investment firm,will manage a portion of Lincoln's assets across a range of classes, including private credit, structured assets, mortgage loans and private equity. The partnership is designed to support Lincoln's strategic goals by providing both capital and access to high-quality private assets with strong risk-adjusted returns. This is likely to boost LNC's existing multi-manager platform. Lincoln intends to use the funds to expand its spread-based earnings, enhance its asset management capabilities, optimize its legacy life insurance portfolio and accelerate its effor Show less Read more
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