Metlife investment management to acquire pinebridge investments

Whippany, n.j.--(business wire)--metlife investment management (mim), the institutional asset management business of metlife, inc. (nyse: met), today announced that it has reached a definitive agreement to acquire pinebridge investments (pinebridge), a global asset manager with approximately $100 billion in assets under management,1 from the pacific century group. the transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics an.
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