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The big managers continue to get bigger through M&A, with MetLife’s institutional asset management business buying PineBridge ...
The deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
MetLife to acquire PineBridge Investments for up to $1.2 billion, enhancing its asset management capabilities and portfolio.
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