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National Western Life Insurance (NWLI) just unveiled an announcement.
In a significant move for stakeholders, each share of Common Stock has been transformed into the right to receive a hefty $500 cash payout as part of a merger agreement, with the total compensation reaching approximately $1.9 billion, including equity awards settlements. Concurrently, the merger has led to the immediate full vestment of outstanding stock awards and the delisting of the company’s Class A Common Stock from NASDAQ, marking the end of stockholders’ previous rights. Additionally, changes in the company’s board and executive positions have come into effect, with the previous directors being replaced and new officers appointed as the company amends its corporate governing documents.
See more insights into NWLI stock on TipRanks’ Stock Analysis page.
