Navigation Links
Conseco Declines Proposal from Steel Partners II, L.P.; Proposal Would Reduce Conseco's Financial Flexibility and Potentially Disadvantage Other Shareholders
Date:5/29/2008

CARMEL, Ind., May 29 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) today announced that it is declining to support a proposal made by Steel Partners II, L.P. to increase its percentage ownership of Conseco up to 22%. A copy of the response letter sent to Steel Partners by Conseco is attached to this press release.

Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. For more information, visit Conseco's web site at http://www.conseco.com .

May 29, 2008

Steel Partners II, L.P.

590 Madison Avenue 32nd Floor

New York, NY 10022

Attn: Mr. Jack L. Howard

Dear Jack:

Thank you for your letter of May 19th, 2008. On behalf of the Board of Directors of Conseco, Inc. ("Conseco" or the "Company"), we appreciate your interest in the Company as demonstrated by your group's substantial share ownership. The Conseco Board discussed your letter at a regularly scheduled meeting.

You indicated in the letter your intention to seek permission to become a "controlling person" as defined by the various state insurance codes. The letter also indicated that you intend to seek permission from our regulators to increase your shareholding from 10% up to 22%, the maximum you calculated as permissible without tripping the limitations on utilization of the Company's tax loss carry-forward under Section 382 of the Internal Revenue code. Your stated intention is to accomplish this through a "modified Dutch auction" structure. The Letter sought the support of Conseco in complying with "all applicable law and regulatory filings" and supporting your application with the regulators.

In order to incre
'/>"/>

SOURCE Conseco, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Conseco Shareholders Re-Elect 10 Directors, Approve Two Amendments To Certificate Of Incorporation And Ratify Independent Registered Public Accounting Firm
2. Conseco Reports First Quarter Results
3. Insurance Department Fines Conseco Under Pennsylvania-Led, Multi-State Agreement
4. Conseco Reaches Settlement of Multistate Market Conduct Examination
5. Conseco Sets Earnings Release Date
6. Bischof Promoted to Vice President, Enterprise Risk Management at Conseco
7. Conseco Reports Fourth Quarter and Year-End Results
8. Conseco Files 10-K and Sets Earnings Release Date
9. Conseco Reports Preliminary Fourth Quarter and Year-End Results
10. Conseco Declines Partnerships Request for Board Seats; Review of Strategic Alternatives Underway
11. Conseco Files to Formally Extend Due Date for Annual Report on Form 10-K to March 17 and Reschedules Earnings Release and Investor Call
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/4/2015)... , ... August 04, 2015 , ... ... patients whose cancer has come back: Retreatment may be a viable option. Surviving ... read it now. , According to surgeons at the University of New ...
(Date:8/4/2015)... ... August 04, 2015 , ... Sin ... unique artistic expressions from a diverse group of exceptionally talented female artists. ... & Art Festival on September 25-27, 2015 in Downtown Las Vegas. Curated by ...
(Date:8/4/2015)... , ... August 04, 2015 , ... ... specializing in healthcare finance, announced the closing of a $118 million FHA-insured loan ... health system located in Smithfield and Clayton, North Carolina. JHSC is a ...
(Date:8/4/2015)... ... August 04, 2015 , ... The results of a ... Retinitis pigmentosa, a rare eye disease that progressively causes blindness, were published on June ... According to the results of the trial, the implant, more commonly known as the ...
(Date:8/4/2015)... ... , ... Centurion Service Group, the world's largest medical equipment auction house, will ... The live auction will take place on Thursday, August 6 beginning at ... 5025 North Hiatus Road Sunrise, FL 33351. Anyone can participate in the auction including ...
Breaking Medicine News(10 mins):Health News:New Research Reveals Some Patients Experience Extended Mesothelioma Survival with Repeat Treatment, According to Surviving Mesothelioma 2Health News:Sin City Gallery Rocks Life Is Beautiful Festival with INTIMATELY FEMALE at Art Motel 2Health News:Sin City Gallery Rocks Life Is Beautiful Festival with INTIMATELY FEMALE at Art Motel 3Health News:Sin City Gallery Rocks Life Is Beautiful Festival with INTIMATELY FEMALE at Art Motel 4Health News:Armadale Capital Inc. Refinances $118 Million for Johnston Health Services Corporation 2Health News:Armadale Capital Inc. Refinances $118 Million for Johnston Health Services Corporation 3Health News:“Bionic Eye” Implant for the Blind Proved Safe and Effective at the End of a Three Year Clinical Trial 2Health News:Medical Equipment Auction to Take Place in Fort Lauderdale 2
... risks from prescription drugs, survey suggests , THURSDAY, July ... link between pop star Michael Jackson,s death and his ... public,s concern about prescription medication overdose risks, suggests a ... 200 respondents who work in home, ambulatory and chronic ...
... healthcare reform a high priority on the national agenda, Shan ... leading provider of Health Management Solutions, believes the market is ... down costs while also improving healthcare quality for all Americans. ... ) , , "Despite a down economy, health ...
... CHICAGO, July 9 In these amazing times, with real ... are endless for registered dietitians in keeping the public we ... Dietetic Association,s key tenets is that every American has a ... and that this right includes access to healthy food from ...
... Carriage Services, Inc. (NYSE: CSV ) today announced plans ... after the market closes. In conjunction with the release, Carriage ... over the Internet, for Friday, July 31, 2009 at 10:30 a.m. ... Carriage Services Second Quarter 2009 Earnings Conference Call, ...
... SANTA MONICA, Calif. and LAS VEGAS, July 9 Cord ... largest umbilical cord blood stem cell preservation companies ( ... saving potential of stem cells to families nationwide and internationally, ... square foot building in Las Vegas, Nevada, for a state-of-the-art ...
... ... and Germicidal UV Modules from healthcare facilities as they activate their emergency pandemic ... ... strong demand for their HEPA-CARE® Air Filtration Systems and Germicidal UV Modules from ...
Cached Medicine News:Health News:Questions to Pharmacists Rise After Michael Jackson's Death 2Health News:Health Plans Continue to Select Health Integrated to Improve Member Health, Reduce Costs 2Health News:Health Plans Continue to Select Health Integrated to Improve Member Health, Reduce Costs 3Health News:Health Plans Continue to Select Health Integrated to Improve Member Health, Reduce Costs 4Health News:Health Plans Continue to Select Health Integrated to Improve Member Health, Reduce Costs 5Health News:Statement by Registered Dietitian and American Dietetic Association President Jessie M. Pavlinac on Health Reform and Conservation of Natural Resources 2Health News:Carriage Services Announces Second Quarter Earnings Release and Conference Call Schedule 2Health News:Cord Blood America Leases Las Vegas Building for Its Own Stem Cell Laboratory 2Health News:Cord Blood America Leases Las Vegas Building for Its Own Stem Cell Laboratory 3Health News:Abatement Technologies Sees Strong Demand as Hospitals Prepare for Stage 6 Flu Pandemic 2Health News:Abatement Technologies Sees Strong Demand as Hospitals Prepare for Stage 6 Flu Pandemic 3
(Date:8/4/2015)... Second Quarter 2015 Highlights: , Net Revenue increased to ... Net earnings attributable to Team Health Holdings, Inc. ("Net earnings") ... net earnings per share of $0.39; Adjusted EPS of $0.70 ... 2015 Outlook: , Projected 2015 net revenue ... EBITDA margin remains between 10.5% and 11.0% ...
(Date:8/4/2015)... , Aug. 4, 2015 Among 1,000 ... medications, yet only half of consumers surveyed are aware ... have ever used use them, according to findings from ... a community service partnership focused on improving the health ... The online survey polled 1,000 men and women, ages ...
(Date:8/4/2015)... Aug. 4, 2015  Ironshore Pharmaceuticals & Development, ... Health, a company specializing in personalized medicine, to ... trial, designed to evaluate the safety and efficacy ... treat Attention-deficit/hyperactivity disorder (ADHD). This is Restore,s second ... Health originally partnered with Ironshore in 2014 and ...
Breaking Medicine Technology:Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 2Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 3Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 4Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 5Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 6Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 7Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 8Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 9Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 10Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 11Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 12Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 13Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 14Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 15Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 16Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 17Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 18Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 19Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 20Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 21Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 22Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 23Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 24Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 25Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 26Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 27Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 28Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 29Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 30Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 31Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 32Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results 33New Study Finds Consumers are Leaving Money at the Pharmacy 2New Study Finds Consumers are Leaving Money at the Pharmacy 3Restore Health Secures Another Clinical Trial with Ironshore Pharmaceuticals & Development 2
... PAREXEL International Corporation (NASDAQ: PRXL ) ... fiscal year ended June 30, 2011.   ... service revenue increased by 5.2% to $310.5 million compared ... the positive impact from foreign exchange movements in the ...
... NBTY, Inc. today announced it will webcast a conference ... August 11, 2011 at 9:30 AM (ET).  These results will ... Listeners may access the live broadcast by ... A replay of the conference call will be available ...
Cached Medicine Technology:PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 2PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 3PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 4PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 5PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 6PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 7PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 8PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 9PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 10PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 11PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 12PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results 13
... perfused manometric catheters for esophageal, ... tests. All Medtronic Water Perfused ... medical grade PVC tubing. For ... you will find a number ...
Each solid state catheter kit below is supplied with adapter cable(s) for Polygraf ID and a Manometric Calibrator....
... We have water perfused manometric ... vector volume diagnostic tests. All ... made using clear, medical grade ... in the esophagus you will ...
Replacement Stopper for LATITUDE® Air-Charged Catheter...
Medicine Products: