St. Paul Travelers' Divestiture Plan Gets Kudos

NU Online News Service, March 28, 3:14 p.m.EST?The St. Paul Travelers Companies' newly announced planto divest its entire 79 percent stake in its asset-management unitis getting a favorable review from a major ratings agency.[@@]

The country's second largest commercial insurer disclosed Fridayit is implementing a program to sell off its stake in NuveenInvestments Inc. which will be completed in three separate phases.The latest announcement follows the statement from companymanagement in January that it was exploring various strategicalternatives for divesting its Nuveen shares.

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