Fidelity National to buy FGL Holdings in a deal valued at $2.7 billion [MarketWatch]
F&G Annuities & Life, Inc. (FG)
Last f&g annuities & life, inc. earnings: 2/26 04:15 pm
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Source: MarketWatch
Fidelity National to buy FGL Holdings in a deal valued at $2.7 billion Fidelity National Financial Inc. FNF, +0.02% announced Friday a deal to buy insurer FGL Holdings FG, +19.35% in a deal valued at $2.7 billion. FGL's stock rose 1.2% in premarket trading, after soaring 19.4% on Thursday, while Fidelity National's stock was still inactive. Under terms of the deal, Fidelity National will pay $12.50 for each FGL share outstanding, a 2.9% premium to Thursday's closing price of $12.15. Fidelity National expects the deal, which is anticipated to close in the second or third quarter of 2020, to add to increase 2020 earnings by more than 10%, and add more than 20% to 2021 earnings. Fidelity National will issue about 24 million shares to FGL shareholders, which represents about 7% of the shares outstanding. FGL's stock has rallied 60.3% over the past 12 months through Thursday and Fidelity National shares have advanced 41.0%, while the S&P 500 SPX, +0.33% has gained 23.6%.
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- 2/21/24 - Miss
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Sec Filings
- 4/26/24 - Form 10-K/A
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- FG's page on the SEC website