Primerica Buys Back $150M In Shares From Warburg

Law360, New York (April 19, 2012, 8:01 PM EDT) -- Private equity firm Warburg Pincus LLC has agreed to sell back 5.7 million shares of common stock to life insurance provider Primerica Inc. at $26.15 per share, two years after buying up 17 million shares in the company's initial public offering, according to a Wednesday securities filing.

Warburg agreed to sell the shares for $150 million in cash and the deal is expected to close April 24, though Primerica reserved the right to delay the sale by up to six days, according to the filing with...
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