Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 40.46

+1.7%

Nov 21 9:30 AM EST

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To: John Thomas who wrote (318)	9/10/1997 12:08:00 PM
From: M.A. Miller	of 4155

I think Washington National would be a great fit for CNC to buy. It's only in life insurance and annuities (no health business). It has great agents. It's biggest company is United Presidential based in Kokomo (which makes for a good consolidation of facilities and UPI employees). WNT just broke off merger agreement with Penncorp Financial on 9-2-97. WNT says it wants the deal to close by year end, because its shopping for a buyer. Penncorp couldn't get the deal done. CNC can prove to WNT it can get the deal done. WNT is priced at $32.5 and has gone up since the Penncorp deal went through, but given CNC's price increase in stock, I think CNC could get this company for a good price. It seams to fit the mold for CNC and CNC needs to get bigger in life insurance and annuities for economies of scale. WNT has good agents again. Any thoughts. I did buy a few hundred shares of WNT today for the heck of it. Nothing near what I have invested in CNC.

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