Met life stock buyout
Benmosche, chairman and chief executive officer of MetLife. Altogether, the transaction solidifies our leadership position in the industry and provides a platform for growth beginning with modest earnings accretion in the second half of Robert Henrikson, president and chief operating officer of MetLife. We look forward to maximizing the opportunity. As part of the transaction, MetLife products will be available through certain Citigroup distribution channels, including Smith Barney, Citibank branches, and Primerica in the U.
MetLife also announced that, in a transaction related to the acquisition of Citigroup insurance businesses, it signed an agreement with Citigroup to acquire CitiStreet Associates, a division of CitiStreet LLC, which is primarily involved in the distribution of b and annuity products to the healthcare, education and not-for-profit markets.
This transaction is expected to close on September 1, CitiStreet LLC is a joint venture owned equally by affiliates of Citigroup and State Street Corporation.
CitiStreet LLC is not being acquired by MetLife. In her order, Cogswell said MetLife must honor its commitments spelled out in a letter in which it vowed to maintain 1, jobs in Hartford for one year after the closing.
MetLife also indicated it has no plans to substantially reduce its writings in Connecticut. The merger had come in for criticism from state Attorney General Richard Blumenthal, Hartford Mayor Eddie Perez and other officials over potential job losses in Hartford.
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MetLife initially said it would eliminate jobs and relocate an additional Following negotiations with Gov. Jodi Rell, it later said the cuts would amount to , with another jobs to be relocated. Your email address will not be published.
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MetLife board approves $3 billion buyback program, its biggest ever | Reuters
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