Insurance holding company Phoenix Cos. (PNX) is considering a sale, Reuters reported Wednesday, citing people familiar with the matter.

Phoenix has hired Goldman Sachs Group Inc. (GS) and Sandler O'Neill + Partners LP to assist in the process, the people said.

Phoenix shares recently traded up 14.4% to $54.93.

Full story at: www.reuters.com/article/2014/07/30/us-phoenix-sale-exclusive-idUSKBN0FZ23P20140730

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