MetLife Teams Up With Acorn and 3 Hot Stocks Sparking Chatter
According to the Wall Street Journal, Knight Capital (NYSE:KCG) may sell off its biggest and highly profitable market making business, and has been approached by at least two competitors seeking to buy the unit which matches orders to buy and sell stocks and options using highly complex computer technology. Shares of Knight Capital are trading 10.84% higher based on the report.
MetLife (NYSE:MET) and Acorn International (NYSE:ATV), a media and branding company in China, have agreed to jointly promote and sell accident and health insurance products in that country. Bob Pei, CEO of MetLife in China said, ”We aim to serve Acorn’s existing and potential customers with well-prepared insurance solutions and value-added services.”
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Onex Corp, a Canadian private equity firm, has acquired USI, a leading insurance broking service in the United States, from GS Capital Partners, a PE firm owned by Goldman Sachs’ (NYSE:GS), for $2.3 billion. Employees of USI, who were co-owners alongside GS Capital Partners, will remain investors in the company.
Qatar Holding LLC’s sale of its remaining warrants held in Barclays (NYSE:BCS) has led to a sale of 303.3 million shares by Deutsche Bank AG (DBK) and Goldman Sachs Group Inc. (NYSE:GS) at a price of 244 p a share. Qatar Holding will, however, continue to hold its present stake of 6.7% in the British bank.
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