American International Group Inc. announced Monday a definitive agreement to sell American Life Insurance Co. to MetLife Inc.
MetLife [MET] will pay approximately $15.5 billion, including $6.8 billion in cash and the remainder in equity securities. The price of the deal, which is expected to close by the end of this year, is subject to closing adjustments.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access