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Lincoln National Secures $825M Strategic Investment From Bain Capital
LNCLincoln(LNC) ZACKS·2025-04-11 00:51

Lincoln National Corporation (LNC) recently announced a long-term strategic partnership with Bain Capital, under which the latter will invest 825milliontoacquirea9.9825 million to acquire a 9.9% equity stake in Lincoln. This all-cash deal values Lincoln's shares at 44 each, representing a 25% premium over its recent 30-day average. The insurer will sell 18.8 million of its shares. LNC shares jumped 14% yesterday.Alongside the equity investment, the two firms have entered into a 10-year, non-exclusive investment management agree ...