Hartford (Conn.) Financial Services Group Inc. is looking to pull ownership of its Hartford Life Inc. unit in-house. On Friday, the company announced plans to buy the 18.5% of Hartford Life, of Simsbury, Conn., that it does not already own.

Hartford Financial said it would pay $44 per share in cash, which would be an 8.6% premium over Hartford Life's closing price of $40.50 on March 27, the day the offer was made.

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