Macquarie Downgrades Fidelity & Guaranty Life (FGL) to Neutral
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Go back to Macquarie Downgrades Fidelity & Guaranty Life (FGL) to Neutral
November 9, 2015 7:31 AM EST
Anbang Insurance Group Co., Ltd. ("Anbang" or "the Company"), a leading global comprehensive insurance group based in Beijing, China, and Fidelity & Guaranty Life (NYSE: FGL) ("FGL"), a leading provider of annuities and life insurance in the U.S., jointly announced that they have entered into a definitive merger agreement on November 8, 2015 pursuant to which Anbang will acquire FGL for $26.80 per share.
The transaction will make Anbang one of the largest insurers by market share in fixed indexed annuity products in the U.S. It is expected that FGL's solid life and fixed... More
November 9, 2015 7:28 AM EST
Anbang Insurance agreed to acquire HRG Group's (NYSE: HRG) Fidelity & Guaranity (NYSE: FGL) for about $1.6 billion, according to Bloomberg sources. The Chinese company will pay about $26.80 per share.
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