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MetLife, which completed the deal on November 1, 2010, paid approximately $7.2 billion in cash and $9.0 billion in MetLife equity and other securities. [129] [130] The securities portion of the deal consisted of 78.2 million shares of MetLife common stock, 6.9 million shares of contingent convertible preferred stock and 40 million equity units ...
He also announced MetLife's 25-year agreement to acquire the naming rights to the home of the New York Giants and New York Jets, [8] which is now known as MetLife Stadium. In addition, Kandarian has also moved the company away from retail banking. On July 21, 2011, MetLife said the company would seek to sell its deposit banking business. [9]
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In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [ 4 ] Headquartered in Charlotte, North Carolina , the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
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