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MetLife Registers To Raise $11 Billion

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NU Online News Service, April 28, 2005, 9:32 a.m. EDT

MetLife Inc. has filed a form with the U.S. Securities and Exchange Commission that could give it the ability to raise as much as $11 billion by selling stock and bonds.[@@]

The New York financial services company says the form, a shelf registration statement, includes $3.9 billion in capacity remaining from an earlier shelf registration statement.

Details about any offerings will come out when MetLife makes the offerings, the company says.

MetLife is in the process of closing on an $11.5 billion acquisition of Travelers Life & Annuity from Citigroup Inc., New York.


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