PRINCIPAL FINANCIAL GROUP, INC. (NYSE:PFG) Files An 8-K Other Events
Item 8.01 Other Events
Principal Financial Group, Inc. (the “Company”) has received notice of an amendment to the unsolicited “mini-tender” offer by Baker Mills LLC (“Baker Mills”) to purchase up to 100,000 shares of the Company’s common stock. The amendment reduces the offer price of $40.00 per share to $33.00 per share, which is approximately 22 percent lower than the $ 42.07 per share closing price for the Company’s common stock on December 11, 2018, the amended offer date. The shares subject to Baker Mills’ offer represent approximately 0.04 percent of the shares of the Company’s outstanding common stock as of the date of the offer. This is the sixth such offer Baker Mills made to Company shareholders this year, not including amended offers.
The company does not endorse Baker Mills’ unsolicited mini-tender offer and is not associated in any way with Baker Mills, its mini-tender offer, or its mini-tender offer documents.
On December 14, 2018, the Company issued the press release attached to this Report as Exhibit 99, informing its shareholders that the Company does not endorse Baker Mills unsolicited mini-tender offer and recommending that shareholders not tender their shares to Baker Mills. Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with Baker Mills’ offering documents. Baker Mills’ offer is currently scheduled to expire at 8:00 p.m., Eastern time, on Tuesday, January 15, 2018. Additional information concerning mini-tender offers is included, or referred to, in the attached press release.
Item 9.01Financial Statements and Exhibits
Press Release of Principal Financial Group, Inc. dated December 14, 2018
PRINCIPAL FINANCIAL GROUP INC Exhibit
EX-99 2 pressrelease121218-01.htm EXHIBIT 99 Exhibit EXHIBIT 99Release: On receipt,…
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About PRINCIPAL FINANCIAL GROUP, INC. (NYSE:PFG)
Principal Financial Group, Inc. is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S. Insurance Solutions. It offers retirement and employee benefit solutions, and individual insurance solutions. It offers portfolio of products and services for retirement savings and retirement income. Its Principal Global Investors segment manages assets for investors around the world, using a multi-boutique strategy that provides diverse investment capabilities, including equity, fixed income, real estate and other alternative investments. It offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment provides group and individual insurance solutions.