MetLife Investment Management to Acquire PineBridge Investments [Yahoo! Finance]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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investor.metlife.com
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Source: Yahoo! Finance
Strong Strategic and Cultural Fits and Attractive Financially WHIPPANY, N.J., December 23, 2024 BUSINESS WIRE MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it has reached a definitive agreement to acquire PineBridge Investments (PineBridge), a global asset manager with approximately $100 billion in assets under management, from the Pacific Century Group. The transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics and $200 million subject to a multi-year earnout. The acquisition excludes PineBridge's private equity funds group business and its joint venture in China. MetLife has established accelerating asset management growth as a strategic priority as part of the company's New Frontier strategy. The acquisition of PineBridge will represent the tactical advancement of MetLife's newly rolled out strategy by adding significant s
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MET
News
- Compelling Reasons for Investors to Hold on to MetLife Stock Right Now [Yahoo! Finance]Yahoo! Finance
- Craig Shults: From Small-Town Roots to CFO Success [Yahoo! Finance]Yahoo! Finance
- MetLife, Inc. (NYSE: MET) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- MetLife's Asset Management Arm Expands Reach With PineBridge Buyout [Yahoo! Finance]Yahoo! Finance
- THG Stock Trades at a Premium to the Industry: What Should You Do Now? [Yahoo! Finance]Yahoo! Finance
MET
Earnings
- 10/30/24 - Miss
MET
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- MET's page on the SEC website