Brookfield Reinsurance Agrees To Acquire AEL In $4.3B Transaction
Portfolio Pulse from Benzinga Newsdesk
Brookfield Reinsurance has agreed to acquire AEL in a $4.3 billion transaction. Each AEL shareholder will receive $55.00 per share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. share. This represents a 35% premium to AEL's closing share price on June 23, 2023, and a 42% premium to AEL's 90-day VWAP as of the same date.
July 05, 2023 | 10:02 am
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NEUTRAL IMPACT
Brookfield Reinsurance, a subsidiary of Brookfield Asset Management, is acquiring AEL. This could potentially impact BNRE's stock price.
As a subsidiary of Brookfield Asset Management, the acquisition could have indirect effects on BNRE's stock price. However, the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
AEL shareholders will receive a 35% premium on their shares as part of the acquisition by Brookfield Reinsurance. This could lead to a short-term increase in AEL's stock price.
The acquisition price represents a significant premium over the current share price, which could lead to increased buying pressure and a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Brookfield Asset Management's shares are part of the payment to AEL shareholders in the acquisition. This could potentially increase demand for BAM shares.
As part of the acquisition, AEL shareholders will receive BAM shares. This could increase demand for BAM shares and potentially lead to a short-term increase in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80