Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Social Security

MetLife Sells Shares

X
Your article was successfully shared with the contacts you provided.

An insurer has raised $2.3 billion for “potential strategic initiatives” and for general corporate purposes.

MetLife Inc., New York, says it raised the money by completing previously announced plans to sell common stock to the public.

MetLife sold 75 million shares through a public offering, and it sold 11.25 million additional shares through an arrangement with the offering underwriters.

Credit Suisse Securities (USA) L.L.C., New York, was the sole bookrunning manager of the offering, MetLife says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.