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Non-Tech : Insurance cos (proposed buy outs, etc. discussion)
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To: gg cox who wrote (33)11/27/1999 1:10:00 PM
From: Carey Thompson   of 55
 
In the current environment, many mutual or policyholder owned insurers are switching to publicly owned companies. MONY, Mutual of New York, just became publicly owned, too.

First, the current policy holders received shares based on annual dividends received, policy amount, etc; also, they are given a chance to buy enough additional shs for a round lot of 100 (or multiples of 100). Then the public is offered stock at the IPO price. The policyholders and Met Life sales staff are the possessors of the real information on this company. If you are a policy holder, go with your impression of Met. Good luck.

Carey Thompson

Care
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