Brookfield Reinsurance signs deal for American Equity Investment Life Holding Co. - BNN Bloomberg

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Brookfield Reinsurance signs deal for American Equity Investment Life Holding Co. - BNN Bloomberg
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Brookfield Reinsurance has signed a deal to buy the part of American Equity Investment Life Holding Co. (AEL) that it does not already own in a cash-and-stock transaction that values the company at about US$4.3 billion.

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Brookfield Reinsurance to buy annuities provider American Equity for about US$4.3-billionBrookfield Reinsurance to buy annuities provider American Equity for about US$4.3-billionThe cash-and-stock offer consists of $38.85 in cash and the rest in Brookfield Asset Management’s shares, the companies said in a statement
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Brookfield Reinsurance to buy annuities provider American Equity for about US$4.3-billionBrookfield Reinsurance to buy annuities provider American Equity for about US$4.3-billionThe deal will see AEL shareholders receive US$55 per share, including US$38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. class A limited voting share
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