MetLife's Asset Management Arm Expands Reach With PineBridge Buyout [Yahoo! Finance]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
definitive agreement to acquire PineBridge Investments, a global asset manager with approximately $100 billion in assets under management. This deal includes $800 million in cash at closing, $200 million contingent upon meeting 2025 financial metrics, and $200 million tied to a multi-year earnout. PineBridge's private equity funds group and its joint venture in China are excluded from this acquisition. This deal is expected to close in 2025, subject to regulatory approvals. This move bodes well for MET as this acquisition aligns with its New Frontier strategy of accelerating asset management growth. The integration will enhance MIM's competitiveness by leveraging PineBridge's global footprint and investment expertise. Over half of the client assets acquired are owned by investors outside the United States, and one-third are owned by investors in Asia. This transaction is anticipated to be neutral to earnings per share in the first year and accretive thereafter, supported by potentia
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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
- THG Stock Trades at a Premium to the Industry: What Should You Do Now? [Yahoo! Finance]Yahoo! Finance
- MetLife Investment Management to Acquire PineBridge Investments [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