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Shareholders of Protective Life Corporation have approved a merger with Dai-ichi Life Insurance Company, Limited, a kabushiki kaisha organized under the laws of Japan, and DL Investment (Delaware), Inc., a Delaware corporation and wholly owned subsidiary of Dai-ichi. The agreement provides for the merger of DL Investment (Delaware), Inc., with and into Protective Life, with Protective Life surviving the merger as a wholly owned subsidiary of Dai-ichi.

Protective Life stated that it expected the merger to close in late 2014 or early 2015. Completion of the merger remains subject to various pending regulatory approvals in Japan and the U.S. and other customary closing conditions.

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