Thursday, October 09, 2008
MetLife, Hartford Talked Deal
Insurance companies MetLife Inc. recently talked about a potential merger, according to a report in Thursday's Wall Street Journal. The Journal said that MetLife approached Hartford about a merger, but the talks didn't lead anywhere. Shares of MetLife are down 35.9% this week and the Hartford's shares have fallen 9.3%. The Hartford's stock has lost 62% of its value in the past four weeks. On Monday, Hartford said it raised $2.5 billion in capital investment from German insurer Allianz, while MetLife said Wednesday it was raising about $2 billion by pricing 75 million shares
Source: MarketWatch
Related WSJ Article
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Source: MarketWatch
Related WSJ Article
(subscription required)
Permalink posted by armandn @ 7:41 AM 
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