American Equity Investment Life Holding Company today announced that it’s no longer in discussions regarding a potential acquisition of the company.
The West Des Moines, Iowa-based company reported in May 2018 that it was in discussions with a suitor it would not name.
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American Equity did not identify the suitor in the announcement issued today.
American Equity said today that its board worked with financial and legal advisors to assess”the indications of interest it received from certain interested parties that had initiated contact with American Equity.”
The American Equity board “engaged in discussions with interested parties, but ultimately determined that further engagement would not result in a transaction that was in the best interest of shareholders,” the company said.