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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15d of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 31, 2000
HARTFORD LIFE, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-12749 06-1470915
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State or other jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
200 Hopmeadow Street
Simsbury, Connecticut 06089
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number: (860) 525-8555
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Item 5. Other Events:
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On March 31, 2000, the Board of Directors of Hartford Life, Inc. (the
"Company") announced that it received on March 27, 2000 an offer from the Board
of Directors of The Hartford Financial Services Group, Inc. ("The Hartford") for
the acquisition of all of the common shares of the Company not already owned by
The Hartford. Additional information is set forth in the Company's press
release, which is filed as an exhibit hereto.
Item 7. Financial Statements and Exhibits
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c) The following is filed as an exhibit to this Current Report:
Exhibit
Number Description
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99.1 Press release dated March 31, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HARTFORD LIFE, INC.
Date: March 31, 2000 By: /s/ Lynda Godkin
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Name: Lynda Godkin
Title: Its Senior Vice President and
General Counsel
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Exhibit 99.1
[LOGO OF HARTFORD LIFE]
News Release Media Contact:
Hartford Life, Simsbury, CT 06070 Joe Fazzino
Office: 860 843-8180
Hartford Life's Internet address is Home: 860 489-0055
http://www.thehartford.com
Dave Potter
Office: 860 843-8993
Home: 860 658-6430
Date: March 31, 2000
Investor Contact:
For Release: Immediately upon receipt Stuart Carlisle
Office: 860 843-7418
HARTFORD LIFE INC. RECEIVES OFFER
FROM THE HARTFORD FOR OUTSTANDING SHARES
SIMSBURY, Conn. - Hartford Life Inc. (NYSE: HLI), today announced that its board
of directors has received an offer from The Hartford Financial Services Group
Inc. (NYSE: HIG) for the acquisition of all of the common shares of Hartford
Life not already owned by The Hartford at a price of $44 per share in cash. The
offer, which was made on March 27 to the Hartford Life board of directors,
represents a nine percent premium to the closing price on that day and a 25
percent premium over Hartford Life's average closing price of $35.33 per share
for the 30 days prior to the offer.
The Hartford currently owns approximately 81.5 percent of the outstanding
shares of common stock of Hartford Life. Approximately 26 million shares of
Hartford Life's common stock are owned by the public.
A special committee consisting of Hartford Life directors not affiliated
with The Hartford has been appointed by the Hartford Life board to consider the
offer.
Hartford Life Inc., the nation's third largest life insurance group based
on statutory assets, offers through its subsidiaries a comprehensive portfolio
of fixed and variable annuities, life insurance, mutual funds, employee benefits
and group retirement plans. Hartford Life is majority owned by The Hartford
Financial Services Group Inc., one of the nation's oldest and largest insurance
and financial services operations with 1999 revenues of $13.5 billion.
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