Merger and Acquisitions Stock Stories to Invite Scrutiny
MetLife (NYSE:MET): Current price $37.56
MetLife enters an agreement with BBVA through which to purchase the largest private pension fund administrator in Chile, AFP Provida. Under the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida and BBVA will transfer its 64.3 percent stake to MetLife. The purchase price should be around $2 billion.