SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[ X ] Definitive Additional Materials
[ ] Soliciting Material Under Rule 14a-12
THE MONY GROUP INC.
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(Name of Registrant as Specified in its Charter)
AXA FINANCIAL, INC.
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(Name of Person(s) Filing Proxy Statement if Other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
Filed by AXA Financial, Inc.
Subject Company: The MONY Group, Inc.
Commission File No. 001-14603
The following is the text of a press release issued by AXA Financial, Inc. on
February 17, 2004.
Date: February 17, 2004
Contact: Jeff Tolvin, AXA Financial
212-314-2811
jeffrey.tolvin@axa-financial.com
FOR IMMEDIATE RELEASE:
AXA FINANCIAL WILL NOT INCREASE PRICE FOR
MONY GROUP
CURRENT LEVEL OF APPRAISAL DEMANDS WILL NOT DETER OR DELAY CLOSING
NEW YORK, NY - To put an end to speculation regarding various aspects
of its pending acquisition of The MONY Group Inc. (NYSE: MNY), AXA Financial's
President and Chief Executive Officer, Christopher "Kip" Condron today stated:
"As we have said from the time that we announced this transaction, we
believe our offer to shareholders of $31 per share is full and fair. We will not
increase it. Moreover, we remain optimistic that MONY shareholders will approve
the acquisition.
"In addition, we are committed to closing this acquisition immediately
following the receipt of all regulatory approvals and the satisfaction of other
closing conditions and notwithstanding the current level of appraisal rights
demands. In that regard, we believe that the speculation among a number of
analysts - that if the deal is not approved, the price of MONY's shares could
well fall below $31 - should underscore to MONY shareholders that they would not
be well served by opposing the deal or by pursuing an appraisal proceeding in
the hopes of receiving a higher valuation."
ABOUT AXA FINANCIAL
AXA Financial, Inc., with approximately $472.2 billion in assets under
management as of September 30, 2003, is one of the world's premier financial
services organizations through its strong brands: The Equitable Life Assurance
Society of the U.S., AXA Advisors, LLC, Alliance Capital Management, L.P.,
Sanford C. Bernstein & Co., and its wholesale distribution company, AXA
Distributors, LLC. AXA Financial is a member of the global AXA Group, a
worldwide leader in financial protection and wealth management.
IMPORTANT LEGAL INFORMATION
The MONY Group Inc. ("MONY") filed a definitive proxy statement with
the Securities and Exchange Commission (the "SEC") on January 8, 2004 regarding
the proposed acquisition of MONY by AXA Financial. Before making any voting or
investment decisions, investors and security holders of MONY are urged to read
the proxy statement regarding the acquisition carefully in its entirety, because
it contains important information about the proposed transaction. MONY's proxy
statement is being sent to the stockholders of MONY seeking their approval of
the transaction. Investors and security holders may obtain a free copy of the
proxy statement, and other documents filed with, or furnished to, the SEC at the
SEC's web site at www.sec.gov. The proxy statement and other documents may also
be obtained for free from MONY and AXA Financial by directing a written request
to Shareholder Services, MONY, 1740 Broadway, New York, N.Y. 10019; Attn: John
MacLane (jmaclane@mony.com.), or to AXA Financial, 1290 Avenue of the Americas,
New York, N.Y. 10104, Attn. Robert Walsh (Robert.Walsh@axa-financial.com).
FORWARD LOOKING STATEMENTS
Certain statements contained herein are forward-looking statements
including, but not limited to, statements that are predictions of or indicate
future events, trends, plans or objectives. Undue reliance should not be placed
on such statements because, by their nature, they are subject to known and
unknown risks and uncertainties, including the risk that the proposed
acquisition may not be consummated. The following factors, among others, could
cause actual results or the status of the transaction to differ materially from
those described herein or from past results: the failure of the MONY
stockholders to approve the transaction; the risk that the AXA Financial and
MONY businesses will not be integrated successfully; the costs related to the
transaction; inability to obtain, or meet conditions imposed for, required
governmental, regulatory and other third-party approvals and consents; other
economic, business, competitive and/or regulatory factors affecting AXA
Financial; and the risk of future catastrophic events including possible future
terrorist related incidents.
Please refer to AXA Financial's Annual Report on Form 10-K for the year
end December 31, 2002 for a description of certain important factors, risks and
uncertainties that may affect AXA's business. AXA Financial does not undertake
any obligation to publicly update or revise any of these forward-looking
statements, whether to reflect new information, future events or otherwise.
AXA Financial files reports and other information with the SEC. You may
read and copy any reports and other information filed by the companies at the
SEC's public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549.
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