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

Life Health > Life Insurance

RGA To Sell Stock

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

Reinsurance Group of America Inc. says it intends to offer Class A common stock with a value of $250 million to members of the general public.

RGA, Chesterfield, Mo., wants to use the cash from the offering for general corporate purposes and to “pursue reinsurance opportunities,” the company says.

MetLife Inc., New York, formerly RGA’s majority owner, recently transferred a large stake in RGA to shareholders and is no longer the company’s majority owner.

Credit Suisse Securities (USA) L.L.C., New York, and Morgan Stanley & Company Inc., New York, are the joint book-running managers for the transaction.

Fox-Pitt Kelton Cochran Caronia Waller (USA) L.L.C., New York, is the lead manager.

RGA says it has given the underwriters an option to buy up to 15% additional shares of RGA Class A common stock.


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.