Breaking news over at Indiana Parley:
Former Fort Wayne-based Lincoln Financial Group and Jefferson Pilot Financial announced this morning that the two insurance giants will merge. The companies have established a special website regarding the merger.
The remaining company will be known as Lincoln Financial Group. The deal is valued at approximately $7.5 billion according to a news release by law firm King & Spaulding, which is representing Jefferson Pilot in the merger.
Other interesting stuff there, too; just keep scrolling.
UPDATE 2: Here's a pdf fact sheet on the merger from the Web site put up by the two companies. It includes, among other things, an announcment that the new company's life insurance operations will be based in Greensboro, N.C., while the annuities operation will be based in Fort Wayne.
UPDATE 4: This isn't likely to be the last insurance merger.