BRUSSELS, Belgium, Jan. 21, 2005 (PRIMEZONE) -- Fortis announced today that the 27.2 million common shares offered in the secondary public offering of Assurant, Inc. have been priced at USD 30.60 per share.
In line with IFRS valuation rules, Fortis will recognise a capital gain of EUR 0.25 billion in the 2005 income statement, related to this Secondary Public Offering.
Morgan Stanley is the sole book running manager for the offering. Citigroup, Credit Suisse First Boston, Lehman Brothers and Merrill Lynch & Co. are joint lead underwriters for the offering.
The secondary offering is being made by means of a final prospectus, a copy of which may be obtained by U.S. investors from the Morgan Stanley Prospectus Department, 1585 Broadway, New York, NY 100035, tel. (212) 761-4000.
This press release shall not constitute an offer to sell or a solication of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.