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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 03, 2003 at 07:00 PM
NU Online News Service, Nov. 3, 2003, 12:23 p.m. EST – Reinsurance Group of America Inc., St. Louis, a publicly traded reinsurer, is trying to raise more than $400 million by selling 10.5 million new shares of common stock.
RGA would use the proceeds to finance and expand its reinsurance business.
RGA stock has been selling for about $40 per share.
MetLife Inc., New York, which already owns 59% of RGA’s shares, says it might spend $100 million to $150 million to buy 2.5 million to 3.75 million shares of the new RGA stock, RGA says.
The underwriters have an option to buy up to 1.575 million extra shares. The joint book-running managers for the offering are Goldman, Sachs & Company, New York, and Lehman Brothers Inc., New York.
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