June 29 (Reuters) - Great-West Lifeco Inc GWO.TO :
* GREAT-WEST LIFECO SUBSIDIARY EMPOWER RETIREMENT ANNOUNCES AGREEMENT TO ACQUIRE PERSONAL CAPITAL
* GREAT-WEST LIFECO INC - ENTERED INTO AN AGREEMENT TO ACQUIRE PERSONAL CAPITAL FOR UP FRONT CONSIDERATION OF US$825 MILLION
* GREAT-WEST LIFECO INC - DEAL PRICE ALSO INCLUDES DEFERRED CONSIDERATION OF UP TO US$175 MILLION
* GREAT-WEST LIFECO INC - EMPOWER RETIREMENT'S BRAND WILL BE UNCHANGED
* GREAT-WEST LIFECO INC - PERSONAL CAPITAL WILL BE BRANDED AS PERSONAL CAPITAL, AN EMPOWER COMPANY
* GREAT-WEST LIFECO INC - UPFRONT CONSIDERATION IS EXPECTED TO BE FUNDED WITH CASH ON HAND AND US$500 MILLION IN DEBT FINANCING
* GREAT-WEST LIFECO INC - EMPOWER EXPECTS TO INCUR ONE-TIME INTEGRATION EXPENSES OF US$57 MILLION