Press Releases
Here is a selection of the latest press releases from Prudential. For more information from Corporate Public Relations at Prudential, please email contact our communications staff.
December 31, 2009
Prudential Financial Completes Sale of Minority Interest in Joint Venture
NEWARK, N.J., December 31, 2009 - Prudential Financial, Inc. (NYSE:PRU) today announced that it has completed the sale of its minority joint venture interest in Wachovia Securities Financial Holdings, LLC, which includes Wells Fargo Advisors (formerly Wachovia Securities) to Wells Fargo & Company. At the closing, Prudential received $4.5 billion in cash.
December 12, 2007
PRUDENTIAL FINANCIAL SETTLEMENTS IN GROUP INSURANCE REGULATORY INVESTIGATIONS
NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) confirmed today that its subsidiary, The Prudential Insurance Company of America, has reached separate settlements with the New York Attorney General and California Department of Insurance in connection with their investigations into regulatory matters involving its Group insurance business.
December 08, 2007
PRUDENTIAL FINANCIAL, INC. ANNOUNCES PRICING OF $2.0 BILLION OFFERING OF CONVERTIBLE DEBT
NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced that it had priced a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended, of $2.0 billion aggregate principal amount of convertible senior notes due 2036. The initial purchasers also have an option to purchase an additional $300 million aggregate principal amount of the convertible notes solely to cover their overallotments. The sale of the convertible notes is expected to close on December 12, 2006, subject to customary closing conditions.
December 07, 2007
PRUDENTIAL FINANCIAL, INC. ANNOUNCES $2.0 BILLION OFFERING OF CONVERTIBLE DEBT
NEWARK, N.J. – Prudential Financial, Inc. (NYSE:PRU) today announced the offering of $2.0 billion aggregate principal amount of convertible senior notes due 2036 pursuant to Rule 144A under the Securities Act of 1933, as amended. Prudential Financial has granted the initial purchaser of the convertible notes an overallotment option to purchase up to an additional $300 million aggregate principal amount of the convertible notes.