Lincoln National Corp. Moving On Takeover Rumors (LNC, MFC)

Shares of Lincoln National Corp. LNC are moving higher on takeover speculation. Benzinga reported earlier today that the company's Board has received a $32 per share offer from Manulife Financial Corp. MFC. At this point, the speculation cannot be confirmed. Lincoln National Corporation (LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. LNC, through the business segments, sells a range of wealth protection, accumulation and retirement income products and solutions. Manulife Financial Corporation (MFC) is a Canada-based financial services group serving customers in 22 countries and territories around the world. The Company provides financial protection and wealth management products and services, to individual and group customers in Canada, the United States and Asia.