Wednesday, January 02, 2008

 

AEGON and Merrill Lynch Finalize Strategic Relationship; AEGON Completes Acquisition of Merrill Lynch Life Insurance Companies

AEGON and Merrill Lynch announced today they have finalized their agreement to form a strategic business relationship in the areas of insurance and investment products. AEGON USA, Inc. also completed the acquisition of Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York for USD 1.25 billion in cash. The purchase price includes excess surplus of approximately USD 425 million.

AEGON and Merrill Lynch Finalize Strategic Relationship; AEGON Completes Acquisition of Merrill Lynch Life Insurance Companies Source: PR Newswire

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