wsj_0150.xml
WSJ
891102
891102
-0041
WSJ
891102
-0041
=
891102
=
891102
891102-0041
.
891102-0041
.
Business
Brief
--
Primerica
Corp.
:
@
A.L.
Williams
Corp.
Merges
@
Into
Firm
on
Holders
'
Vote
Business
Brief
--
Primerica
Corp.
:
@
A.L.
Williams
Corp.
Merges
@
Into
Firm
on
Holders
'
Vote
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
PA
PA
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
A.L.
Williams
Corp.
was
merged
into
Primerica
Corp.
,
New
York
,
after
a
special
meeting
of
Williams
shareholders
cleared
the
transaction
,
the
companies
said
.
Primerica
,
which
had
owned
nearly
70
%
of
Williams
,
will
pay
about
16.7
million
shares
,
currently
valued
at
almost
$
472
million
,
for
the
rest
of
Williams
.
The
financial-services
company
will
pay
0.82
share
for
each
Williams
share
.
Williams
shares
,
which
were
to
be
delisted
from
the
New
York
Stock
Exchange
after
the
close
of
composite
trading
yesterday
,
closed
at
$
23.25
,
off
12.5
cents
.
Primerica
closed
at
$
28.25
,
down
50
cents
.
Williams
,
Duluth
,
Ga.
,
is
an
insurance
and
financial-services
holding
company
.
Its
subsidiaries
'
services
are
marketed
by
closely
held
A.L.
Williams
&
Associates
.
Primerica
,
as
expected
,
also
acquired
certain
assets
of
the
agency
and
assumed
certain
of
its
liabilities
.
Terms
were
n't
disclosed
.