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Author: foolreprint Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7  
Subject: News Date: 11/12/1997 9:07 PM
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Group health insurance and services company John Alden Financial Corp. (NYSE: JA) (N) (S) was scalped for $3 1/2 to $28 after reporting Q3 EPS from continuing operations of $0.10, falling well short of the mean analyst estimate of $0.34. The company's medical loss ratio declined in states where it is continuing operations, but group health premiums for the quarter declined about 21%, adjusting for discontinued operations. John Alden also announced that it has hired CS First Boston to look into a sale of the company or possible business combinations (a merger with another company).
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