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RGA Shareholders Approve Split

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The investors who control Reinsurance Group of America Inc. have approved efforts by MetLife Inc. to dispose of its 52% stake in RGA:

The shareholders of RGA, Chesterfield, Mo., have voted at a special meeting to approve the transaction, according to MetLife, New York.

The shareholders also approved other measures related to the proposed transaction, such as a Section 382 plan and provisions governing voting limitations on significant holders of Class B RGA shares, MetLife says.

MetLife has received the governmental approvals it needs to complete the deal, but some MetLife stockholders that want to tender shares in connection with the deal may still be waiting for federal antitrust approvals, MetLife says.

MetLife hopes to complete the transaction in mid-September.


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