Fidelity announced that it’s acquiring FGL Holdings, an annuities and life insurance company.
Fidelity will acquire FGL for $12.50 a share, valuing the deal at $2.7 billion.
FGL was trading around $12.15 at the close Thursday.
The deal is expected to close in the second or third quarter of 2020.
Fidelity is up nearly 40% in the past year. FGL is up over 60%.
There are now over 31,000 confirmed cases in China, and over 636 people have died from the virus in China.
And, on the quarantined Princess Cruises ship off of the coast in Japan, there are now 61 confirmed cases of the virus. On Thursday, there were 20 confirmed cases.
We’ll be updating you as this story continues to develop.
And, finally, Aurora Cannabis tanked in after-hours trading after it announced that CEO Terry Booth is retiring amdist “sweeping changes” for the company.
The company announced that it eliminated 500 full-time positions--around 17 to 18% of the workforce.
The stock, in premarket trading, is down roughly 14% to around $1.70 a share.
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