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Principal Financial urges shareholders to reject mini-tender offer

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Principal Financial urges shareholders to reject mini-tender offer

Principal Financial Group Inc. is asking shareholders to reject an unsolicited mini-tender offer from Baker Mills LLC, which is seeking to buy up to 90,000 Principal Financial shares from stockholders.

Baker Mills is offering to buy the shares for about $47.00 each. Principal Financial's shares closed at about $60.65 on Oct. 8, the date Baker Mills disclosed its offer.