Brookfield Reinsurance to acquire rest of AEL in $4.3 billion cash, stock deal
Brookfield Reinsurance Ltd.
has agreed to acquire the shares of American Equity Investment Life Holding Co. AEL, -0.69%, or AEL, it does not already own in a cash-and-stock deal valued at $4.3 billion. Under the terms of the deal, AEL shareholders will receive $55 per AEL share, consisting of $38.83 in cash and 0.49797 of a Brookfield Asset Management Ltd. BAM, +0.25% class A limited voting share with a value of $16.15, subject to adjustment.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. property catastrophe reinsurance rates rise up to 50% on July 1-reportU.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.
Weiterlesen »
Brookfield Zoo animals receive 4th of July treatsIn celebration of the July 4th holiday, Brookfield Zoo gave its animals red, white, and blue patriotic-themed treats.
Weiterlesen »
Here's why insurance companies might increase premiums soonInsuring your home or other property against major disasters may become more expensive this year as the price insurance companies pay for their own coverage continues to climb.
Weiterlesen »
China Investment sells some shares in Teck ResourcesChina investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources Ltd .
Weiterlesen »
India's IDFC to merge with IDFC First Bank in latest consolidationIDFC First Bank said on Monday its board had given the green light for a merger with IDFC Ltd , just days after the landmark $40 billion merger between Housing Development Finance Corp and HDFC Bank came into effect.
Weiterlesen »