Wednesday, October 15, 2008

Primerica for Sale (Another One Bites the Dust)

FYI
 
Here are two articles you can share with potential Primerica recruits and target clients. Note how the new buyers will re-organize the sales organization.  Basically keep the client accounts and strip the middle/lower tier representatives.
 
Citigroup May Sell Primerica to Flowers, Protective (Update2)
Bloomberg - Sep 24, 2008
Citigroup Chief Executive Officer Vikram Pandit, 51, put Primerica up for sale to help simplify the behemoth assembled by former CEO Sanford ``Sandy'' Weill
 
Wall Street Breakfast: Must-Know News
Seeking Alpha, NY - Sep 25, 2008
Citigroup shops Primerica. Citigroup (C) may sell its Primerica life insurance unit to JC Flowers and Protective Life (PL), sources say.
 
 
Victor
917-653-4406

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