On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ∽odd-Frank Act or ∽odd-Frank) became law. and its subsidiaries.įinancial services regulatory reform may reduce our profitability, impact how we do business or limit our ability to engage in certain capital expenditures. Unless otherwise indicated, or the context otherwise requires, references to we, us and our or similar terms are to Principal Financial Group, Inc. The risk factors listed below should be read in conjunction with the risk factors disclosed in Principal Financial Group, Inc.s Current Report on Form 8-K filed on September 5, 2012. The following information is being added to the disclosures in Principal Financial Group, Inc.s Registration Statement on Form S-3 (File No. 333-174438) in substantially the form included in the prospectus supplement Principal Financial Group, Inc. The SPA is filed as Exhibit 2.1 to this report and is incorporated herein by reference. The closing of the Offer is subject to (i) the absence of a judicial resolution issued by a competent court or government authority that prohibits the closing from occurring (such condition, the Governmental Resolution Condition), (ii) receipt of the approval of the Chilean regulatory agency for pension funds (Superintendencia de Pensiones) (the SP Approval) and (iii) other customary conditions to closing, including the granting of an irrevocable commercial power of attorney by the Sellers, pursuant to which each of the Sellers will agree to accept the Offer with respect to its shares of Cuprum.Ĩ-K for a description of the terms and conditions of the SPA. Pursuant to the SPA, and subject to the conditions set forth therein, (i) Principal Financial Services has agreed to cause a wholly-owned subsidiary to launch a tender offer (the Offer) for up to 100% of the common voting shares (shares) of Administradora de Fondos de Pensiones Cuprum S.A., a Chilean public corporation (∼uprum), and (ii) the Sellers have agreed to tender all of the shares of Cuprum owned by the Sellers, representing approximately 63.44% of Cuprums total outstanding shares, into the Offer. (Principal Financial Services) entered into a Sale and Purchase Promise Agreement (the SPA) on October 5, 2012, with Empresas Penta S.A., a Chilean private corporation (Penta), and Inversiones Banpenta Limitada, a Chilean limited liability company (together with Penta, the Sellers). Entry into a Material Definitive Agreement.Īs disclosed in Principal Financial Group, Inc.s Current Report on Form 8-K filed on October 9, 2012 (the October 9Ĩ-K), Principal Financial Services, Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |