1 A.L. Williams Corp. was merged into Primerica Corp., New York, after a special meeting of Williams shareholders cleared the transaction, the companies said.
2 Primerica, which had owned nearly 70% of Williams, will pay about 16.7 million shares, currently valued at almost $472 million, for the rest of Williams.
3 The financial-services company will pay 0.82 share for each Williams share.
4 Williams shares, which were to be delisted from the New York Stock Exchange after the close of composite trading yesterday, closed at $23.25, off 12.5 cents.
5 Primerica closed at $28.25, down 50 cents.
6 Williams, Duluth, Ga., is an insurance and financial-services holding company.
7 Its subsidiaries' services are marketed by closely held A.L. Williams & Associates.
8 Primerica, as expected, also acquired certain assets of the agency and assumed certain of its liabilities.
9 Terms weren't disclosed.

Primerica , which had owned nearly 70 % of Williams , will pay about 16 . 7 million shares , currently valued at almost $ 472 million , for the rest of Williams .
nearly 70 %
was it less than 70 percent?