US insurer MetLife to buy AIG unit for $15.5 bln

1 hour 33 minutes ago

Spectators gather around the MetLife blimp at the United States Air Force Museum in Dayton, Ohio, in 2003. US life insurance giant MetLife said on Monday it will acquire American International Group unit American Life Insurance company (ALICO) in a deal worth 15.5 billion dollars.

Asian Defense News: WASHINGTON (AFP) - – US life insurance giant MetLife said on Monday it will acquire American International Group unit American Life Insurance company (ALICO) in a deal worth 15.5 billion dollars.

MetLife said the deal will comprise 6.8 billion dollars in cash plus some 8.7 billion dollars in MetLife stock.