NU Online News Service, June 19, 4:15 p.m. – AEGON N.V., The Hague, The Netherlands, the parent company of AEGON USA, Inc., Baltimore, says it has completed its previously announced acquisition of J. C. Penney Direct Marketing Services, which includes life insurance units, from J.C. Penny Company, Plano, Texas, for $1.3 billion in cash.
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AEGON Buys Direct Marketing Operations from J.C. Penny
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Staff Writer
June 19, 2001 at 08:00 PM
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Under the acquisition agreement, J.C. Penney will receive annual cash payments over the next 15 years, according to J.C. Penney.
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