WASHINGTON (dpa-AFX) - The Hartford Financial Services Group Inc. (HIG) announced Tuesday closing of repurchase of debentures and common stock warrants, due 2068, for an aggregate amount of $2.43 billion. The purchase agreement was signed by the company and Allianz on March 30, 2012.
The warrants were repurchased as part of The Hartford's existing $500 million equity repurchase program. Looking ahead, The company intends to close the remaining authorization of approximately $106 million.
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