Prudential revives a defunct and infamous pseudonym, Prudential Bache, derived from an acquisition of Bache & Co. in 1981, in hopes to bolster its position within the global commodity service market.
Prudential originated $6.9 billion in primarily fixed and floating rate private senior debt, private subordinated debt, and equity in 175 companies worldwide. North American companies accounted for $5.7 billion of the investments, while $1.2 billion were invested primarily in countries in the UK and Europe.
Prudential's board of directors announced that it will pay an annual dividend of $0.95 per share of common stock on December 21, 2006 and has announced authorization of repurchases of up to $3 billion of its currently outstanding common stock in 2006.
Edit Metric
