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Life Health > Life Insurance

MetLife Completes Offerings

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MetLife Inc. says it has raised about $6.6 billion through recent stock and bond offerings.

MetLife, New York (NYSE:MET), has brought in a total of about $3.6 billion by selling 75 million shares of common stock to the public and about 11 million shares of common stock to the underwriters of the public offering.

MetLife also has issued about $3 billion in senior debt securities.

MetLife will be using the cash to buy American Life Insurance Company from American International Group Inc., New York (NYSE:AIG), the company says.



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