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MetLife eyes takeover trail after raising capital

Started by Joelle, October 13, 2008, 08:03:10 AM

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Joelle

MetLife eyes takeover trail after raising capital
      


At a time when many companies are looking for capital to survive, MetLife is going on the offense to capitalize on opportunities.
The life insurer said it would sell 75 million common shares, or about $2.76 billion based on Tuesday’s closing price, to supplement its capital position, money that would be used for both general corporate purposes [...]
         

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