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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: Lane Weatherly who wrote (4054)9/1/2001 9:31:40 AM
From: RockyBalboa  Respond to of 4155
 
Better ask this guy...

Message 16280045

On Wednesday, it was disclosed that Jacobs-controlled IPI Inc. sold its 1.9 million position in Conseco for $27.9 million and plans to distribute the net proceeds of $4.26 per share directly to IPI shareholders. Jacobs and associates own about two-thirds of IPI.

Critics say Jacobs looks bad backing Conseco while he's selling its stock through affiliated entities.