•  Nasdaq

  •  OTC BB


    MetLife To Acquire Provida for Value of $2B

    February 11 Feb 2013 | 11:32


    met MetLife, Inc. (NYSE: MET)

    MetLife, Inc. previously entered into a definitive agreement with BBVA to acquire AFP Provida S.A. (“Provida”). Under the terms of the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida, and BBVA has agreed to transfer its 64.3% stake to MetLife. Assuming all publicly-held shares are tendered, the purchase price, which MetLife will fund from its existing cash balances, would be approximately $2 billion. Provida is the largest private pension fund administrator in Chile


    For more information on MetLife, Inc. visit www.metlife.com.

    In my opinion this is a stock to watch!

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