American Equity accepts $6.5b Brookfield takeover bid
American Equity Investment Life Holding accepted a $US4.3 billion ($6.5 billion) cash and stock takeover bid from an arm of Canadian investment giant Brookfield.
Brookfield Reinsurance agreed to buy all the shares in the US insurer it does not already own for $US55 apiece, according to a statement on Wednesday (Thursday AEST). The offer represents a 35 per cent premium to American Equity’s closing price on June 23, the last full trading day before Bloomberg revealed Brookfield’s interest.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles