Brookfield reinsurance to acquire ael in $4.3 billion transaction

West des moines, iowa--(business wire)--brookfield reinsurance (nyse, tsx: bnre) and american equity investment life holding company (nyse: ael) (“ael”) today announced that they have entered into a definitive agreement whereby brookfield reinsurance will acquire all of the outstanding shares of common stock of ael it does not already own in a cash and stock transaction that values ael at approximately $4.3 billion. as part of the agreement, each ael shareholder will receive $55.00 per ael shar.
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