NWLI - Why Insurer National Western Life's Shares Are Surging Today? | Benzinga
National Western Life Group Inc (NASDAQ: NWLI) shares are trading higher by around 14% after the company inked a definitive merger deal with Prosperity Life Group for about $1.9 billion in an all-cash transaction.
As per the deal, each issued and outstanding NWLI Class A and Class B common shares will be converted into the right to receive $500 in cash at the merger closure.
The merger consideration represents an 87.1% premium to the ...