Tuesday, August 14, 2007

 

Aegon and Merrill Lynch Announce Strategic Relationship; Aegon to Acquire Merrill Lynch Life Insurance Companies

AEGON and Merrill Lynch announced they will form a strategic business relationship in the areas of insurance and investment products. As part of this relationship, an AEGON company has signed an agreement to acquire Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York for USD 1.3 billion in cash. The purchase price includes excess surplus of approximately USD 425 million.

AEGON and Merrill Lynch Announce Strategic Relationship; AEGON to Acquire Merrill Lynch Life Insurance Companies
Source: PR Newswire

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