Brief: Lincoln Financial Group Enters Agreement To Sell Wealth Management Business To Osaic

Lincoln National

14/12/2023 21:10

Dec 14 (Reuters) - Lincoln National Corp  LNC.N :
    * LINCOLN FINANCIAL GROUP ENTERS AGREEMENT TO SELL WEALTH
MANAGEMENT BUSINESS TO OSAIC, INC.
    * LINCOLN NATIONAL CORP: TRANSACTION IS EXPECTED TO PROVIDE
APPROXIMATELY $700 MILLION OF CAPITAL BENEFIT TO LINCOLN UPON
CLOSING
    * LINCOLN NATIONAL CORP: ARE NO EXPECTED MATERIAL IMPACTS TO
ONGOING FREE CASH FLOW OR EARNINGS AS A RESULT OF TRANSACTION
    * LINCOLN NATIONAL CORP: TRANSACTION WILL INCLUDE SALE TO
OSAIC OF
LFA AND LFS

Source text for Eikon:  ID:nBw5QNphpa 
Further company coverage:  LNC.N 

 ((Reuters.Briefs@thomsonreuters.com;))