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In a stock deal, Transatlantic shareholders would have the opportunity to participate in any future gains as share pricing for reinsurance companies recovers.
Because the Putnam managers' trading was intended to capitalize on inefficiencies in the funds' share pricing, the transactions were essentially conducted using inside information, according to securities lawyers and regulators.
The consumer protection watchdog said the trusts, which are part of the Southern Region Private Healthcare Association, avoided a formal investigation after voluntarily agreeing not to share pricing information.
"The dealers have never wanted to share pricing information with the manufacturer, and rightly so, because the manufacturers use it against them" in negotiations over the sharing of various costs, said J. David Power III, founder of the consulting and consumer rating company that bears his name.
I was trying to work with other departments' procurement teams or fellow members of the Chief Information Officers Council, though I was told that it was not appropriate to share pricing, contract or supplier performance data that could have strengthened our hand in our negotiations.
Pittman said it's too soon to share pricing information.
Similar(44)
Share prices soared.
Their share prices plummeted.
Its share price swooned.
The share price dropped.
Its share price sank.
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CEO of Professional Science Editing for Scientists @ prosciediting.com