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Stock impact report

Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National [Financial Post (Toronto, Ontario, Canada)]

American National Group, Inc. (ANAT) 
Company Research Source: Financial Post
Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding shares of American National Group, Inc. at a price of $190 per share. Brookfield Reinsurance plans to build on American National’s strong track record of stable growth and disciplined underwriting. American National will maintain its headquarters in Galveston, TX, its presence in League City, TX, and operating hubs in Springfield, MO and Albany, NY. Sachin Shah, Chief Executive Officer of Brookfield Reinsurance, said, “We look forward to building on American National’s strong franchise and delivering value for the benefit of all stakeholders, including employees and distribution partners. Brookfield Reinsurance will use its industry leading expertise and resources to enhance American National’s capital strength and support its ongoing commitment to policyholder and customer service.” Jim Pozzi, President and Chief Executive Officer of American National, said, “Since our announcement last Show less Read more
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