NU Online News Service, June 15, 2:38 p.m. EDT
WASHINGTON–Lincoln Insurance Group said today in a securities filing it will seek to raise $2.1 billion in additional capital, including $900 million through the government's Troubled Asset Relief Program and an additional $600 million in a securities offering.
At the same time, Lincoln officials announced that they have signed a definitive agreement to sell their United Kingdom operations, Lincoln National (UK) PLC to Sun Life of Canada. Lincoln National UK sells life and retirement income products in the United Kingdom.
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