Metlife Inc

NYSE:MET   4:00:00 PM EDT
+1.50 (+2.76%)
7:58:34 PM EDT: $56.13 +0.28 (+0.50%)
Divestitures / Spin-offs, Other Pre-Announcement, Mergers / Acquisitions

Metlife To Sell Auto, Home Business To Zurich Insurance Group Unit For $3.94 Bln

Published: 12/11/2020 05:57 GMT
Metlife Inc (MET) - Press Release - Metlife to Sell Auto & Home Business to Zurich Insurance Group Subsidiary Farmers Group, Inc. for $3.94 Billion.
Metlife and Farmers Are Targeting Transaction to Close in Q2 of 2021.
Under Deal, 10-year Strategic Partnership Through Which Farmers Insurance Will Offer Personal Lines Products on Metlife's Industry.
Expects to Report Its Property & Casualty Business As Divested Business in Q1 2021.
Rothschild & Co Acted As Financial Advisor to Deal.