credit stock

Big banks would be asked to buy new Nippon Credit stock and insurance companies to make subordinated loans.

Some credited stock buybacks by companies.

The company agreed to merge with Commercial Credit Group for one share of Commercial Credit stock, plus $7 in cash for each share of Primerica.

For his Primerica stake, Mr. Tsai, a soft-spoken executive who became a millionaire when he was 30, will receive $13.8 million and Commercial Credit stock worth about $48 million.

After Commercial Credit took over Primerica in a $1.5 billion deal, mostly for Commercial Credit stock, the surviving firm was renamed Primerica, helping to confuse many an investor.

"We believe this is an advantageous time to purchase this substantial block of Commercial Credit stock and feel we have negotiated a fair and reasonable agreement with Control Data," Mr. Weill said in a statement.