Fidelity's Acquisition Of FGL: There Is A Downside Potential [Seeking Alpha]
F&G Annuities & Life, Inc. (FG)
Last f&g annuities & life, inc. earnings: 2/26 04:15 pm
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US:NYSE Investor Relations:
cfcorpandfidelity.com
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Source: Seeking Alpha
SummaryOn February, 7, 2020, Fidelity National announced an agreement to buy FGL Holdings. Shareholders may elect to receive, for each share, either $12.50 in cash or 0.2558 shares of FNF common stock.Given the stated share/cash split, FGL shareholders appear set to receive ~$7.70 per share. On this basis, there is downside potential of 24% in FGL stock.The merger agreement is subject to several standard conditions, including the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and obtaining the approval form FGL shareholders.Remember that the company contacted potential bidders in a go-shop period. If other potential bidders did not want to buy the FGL, they may not do it now.I would expect the share price to drop from ~$10 to less than $8, and believe investors are best served to liquidate their positions right now. I will not wait for the acquisition to close.Editor's note: this article was amended on 4/23/2020 to reflect the correct tickers for the involved co
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- F&G Annuities & Life: Technical Pressure Creates A Compelling Value Opportunity [Seeking Alpha]Seeking Alpha
- F&G Annuities & Life (NYSE:FG) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=FG&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street ZMarketBeat
- F&G Annuities & Life (NYSE:FG) was given a new $31.00 price target on by analysts at Barclays PLC.MarketBeat
- F&G Annuities & Life (NYSE:FG) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Retiring at 65 could be the biggest mistake of your financial life. Here's why, and what to do instead [Yahoo! Finance]Yahoo! Finance
FG
Earnings
- 11/6/25 - Beat
FG
Sec Filings
- 1/7/26 - Form SCHEDULE
- 1/7/26 - Form 4
- 1/7/26 - Form 4
- FG's page on the SEC website