The afternoon deal: Beyond the billions paid

March 8, 2010

The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton It was a two-year quest to seal the MetLife deal for Alico.  Beyond the $15.5 billion purchase price, what does it mean for the companies and the life insurance sector?

MetLife seals Alico deal after two-year quest
Factbox: AIG’s progress on asset sales

From the Web:

A.I.G. Sells Unit to MetLife (NYT)
“Now comes the hard part.” – NYT

At AIG, What Is Left to Sell? (WSJ)
“One might suggest selling the furniture, but AIG already sort of did that, unloading its downtown New York headquarters to a condo developer.” – WSJ

Alico Deal Will Transform MetLife (WSJ)
“The bold and potentially risky deal would boost the portion of MetLife’s overall operating income that comes from overseas to 40% from 15% currently, estimates Andrew Kligerman, a UBS Securities analyst.” – WSJ

AIG Giveth Back, and Taketh Away, from U.S. Taxpayers
“An old adage says that if you owe the bank a million dollars, the bank owns you. And when you are bailed out to the tune of tens of billions, well, then you have a piece of the U.S. Treasury.” (BNET)

Timeline: AIG ‘Jewel’ Took 91 Years to Build, Week to Dismantle (Bloomberg)

MetLife CEO Hails Alico Deal (WSJ)
“Mr. Henrikson said MetLife doesn’t intend to be “what the analysts call, ‘serial acquirers.’ Our focus is primarily organic growth.” But he added that analysts and investors shouldn’t “be shocked” if MetLife were to buy a property or block of business from another carrier that would enhance, say, its group-life or group-dental insurance platform in the small-business arena.” – WSJ

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see