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Top related persons:
Niket - 2 Shailesh Kuber - 2 Sherry Jacob - 2 Phillips - 2 Jon Bayer - 1 Manya Saini - 1 Nivedita Bhattacharjee - 1 Arun Koyyur - 1
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Bengaluru U.S Brookfield Athene Holding Iowa
Top related orgs:
Thomson - 3 Prosperity Life - 2 Western Life - 2 Federal Reserve - 2 Elliott Investment Management - 2 Prosperity - 2 Equity Investment Life - 1 AEL - 1

Search resuls for: "Prosperity Life"


4 mentions found


☆ Prosperity Life's Unit to Buy Insurer National Western in $1.9 Billion Deal
  + stars: | 2023-10-09 | by ( Oct. | At A.M. | ) www.usnews.com   time to read: 1 min
(Reuters) - A unit of Prosperity Life Group agreed to buy life insurer National Western Life Group in a deal valued at $1.9 billion, the companies said on Monday. The deal gives National Western a value of $500 per share, a premium of nearly 20% to its stock's last close on Friday. Mergers and acquisitions in the U.S. corporate space are starting to pick up pace after a dull 2022, boosted by hopes that the Federal Reserve could engineer a soft landing for the economy. The acquisition is expected to close in the first half of 2024, the companies said. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber and Sherry Jacob-Phillips)
Persons: Niket, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Reuters, Prosperity Life, Western Life, Federal Reserve Locations: U.S, Bengaluru
☆ Prosperity Life's unit to buy insurer National Western in $1.9 bln deal
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: 1 min
Oct 9 (Reuters) - A unit of Prosperity Life Group agreed to buy life insurer National Western Life Group (NWLI.O) in a deal valued at $1.9 billion, the companies said on Monday. The deal gives National Western a value of $500 per share, a premium of nearly 20% to its stock's last close on Friday. Mergers and acquisitions in the U.S. corporate space are starting to pick up pace after a dull 2022, boosted by hopes that the Federal Reserve could engineer a soft landing for the economy. The acquisition is expected to close in the first half of 2024, the companies said. Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Niket, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Prosperity Life, Western Life, Federal Reserve, Thomson Locations: U.S, Bengaluru
☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
  + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com   time to read: +2 min
July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.
Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru
☆ Brookfield's reinsurance arm nearing deal to buy American Equity
  + stars: | 2023-06-26 | by ( Anirban Sen | Thomson Reuters | Anirban Sen Is The Editor In Charge For U.S. M A At Reuters In New York | ) www.reuters.com   time to read: +1 min
June 26 (Reuters) - Canadian private equity firm Brookfield's reinsurance arm is nearing a deal to buy insurer American Equity Life Holding (AEL.N), a person familiar with the matter told Reuters on Monday. Brookfield has made a cash-and-stock offer that is set to be recommended by the American Equity board, the person said, requesting anonymity. Iowa-based American Equity last year had rejected a $3.9 billion unsolicited takeover proposal from Prosperity Life and its principal shareholder, activist investor Elliott Investment Management. Brookfield and American Equity did not immediately respond to requests for comment from Reuters. American Equity provides annuities - an insurance contract customers typically buy for a steady income stream after retiring.
Persons: Brookfield, Jaiveer Singh, Maju Samuel, Sriraj Organizations: Reuters, American Equity, Bloomberg, Equity, Prosperity, Elliott Investment Management, Investment, Thomson Locations: Iowa, Brookfield, Bengaluru
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