Life & Health Insurance M&A » By The Online Investor Staff, updated Tue., Aug. 9, 3:27 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #33. MetLife, Inc. — BBVA's Chilean Pension Business
Acquirer:
MetLife, Inc. (NYSE:MET)
Acquiree:
BBVA's Chilean Pension Business
Details:
MetLife, Inc. announced today it has entered into a definitive agreement with BBVA to acquire AFP Provida S.A. ("Provida"), the largest private pension fund administrator in Chile. Under the terms of the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida, and BBVA has agreed to transfer its 64.3% stake to MetLife. Assuming all publicly-held shares are tendered, the purchase price, which MetLife will fund from its existing cash balances, would be approximately $2 billion.
MetLife is an insurance holding company. Through its subsidiaries and affiliates, Co. provides insurance, annuities, employee benefits and asset management. Co.'s segments are: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. In the U.S., Co. provides a variety of insurance and financial services products, including life, dental, disability, vision, accident and health, capital market investment, property and casualty, guaranteed interest, stable value and annuities. Outside the U.S., Co. provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products.
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Preferreds: MET.PRA, MET.PRB, MET.PRE
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Avg. Broker Rec.
 
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Strong Buy (3.94 out of 4) 67th percentile
(ranked higher than approx. 67% of all stocks covered)
Analysts' Target Price: MET Stock Forecast Based on Zacks ABR data; powered by Xignite |
