NU Online News Service
Investors have blessed a large insurance company transaction.
Shareholders of Lincoln National Corp., Philadelphia, have voted 98% of their stock in favor of efforts by Lincoln National to acquire Jefferson-Pilot Corp., Greensboro, N.C., according to Lincoln National.
Meanwhile, Jefferson-Pilot shareholders have voted about 85% of their stock in favor of the deal, according to Jefferson-Pilot.
The deal, which is structured as a merger, is supposed to close in early April.