Fidelity National to buy FGL Holdings in a deal valued at $2.7 billion [MarketWatch]
F&G Annuities & Life, Inc. (FG)
Last f&g annuities & life, inc. earnings: 2/26 04:15 pm
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Source: MarketWatch
Fidelity National to buy FGL Holdings in a deal valued at $2.7 billion Fidelity National Financial Inc. FNF, +0.02% announced Friday a deal to buy insurer FGL Holdings FG, +19.35% in a deal valued at $2.7 billion. FGL's stock rose 1.2% in premarket trading, after soaring 19.4% on Thursday, while Fidelity National's stock was still inactive. Under terms of the deal, Fidelity National will pay $12.50 for each FGL share outstanding, a 2.9% premium to Thursday's closing price of $12.15. Fidelity National expects the deal, which is anticipated to close in the second or third quarter of 2020, to add to increase 2020 earnings by more than 10%, and add more than 20% to 2021 earnings. Fidelity National will issue about 24 million shares to FGL shareholders, which represents about 7% of the shares outstanding. FGL's stock has rallied 60.3% over the past 12 months through Thursday and Fidelity National shares have advanced 41.0%, while the S&P 500 SPX, +0.33% has gained 23.6%.
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News
- F&G Annuities & Life, Inc. (NYSE: FG) had its price target raised by analysts at Barclays PLC from $44.00 to $46.00. They now have an "equal weight" rating on the stock.MarketBeat
- F&G Annuities & Life Announces 5% Increase in Quarterly Common Stock Dividend And Declares Dividend on Preferred StockPR Newswire
- F&G Annuities & Life Reports Third Quarter 2024 ResultsPR Newswire
- F&G Annuities & Life Announces Third Quarter 2024 Earnings Release and Conference CallPR Newswire
- F&G's Fifth Annual Risk Tolerance Tracker Finds Inflation, U.S. Presidential Election and Cyberfraud Top of Mind for American InvestorsPR Newswire
FG
Earnings
- 11/6/24 - Beat
FG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- 11/12/24 - Form 4
- FG's page on the SEC website