Brookfield Reinsurance to acquire rest of AEL in $4.3 billion cash, stock deal
Brookfield Reinsurance Ltd.
has agreed to acquire the shares of American Equity Investment Life Holding Co. AEL, -0.69%, or AEL, it does not already own in a cash-and-stock deal valued at $4.3 billion. Under the terms of the deal, AEL shareholders will receive $55 per AEL share, consisting of $38.83 in cash and 0.49797 of a Brookfield Asset Management Ltd. BAM, +0.25% class A limited voting share with a value of $16.15, subject to adjustment.
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