August 7, 2017
The deal creates two independent, publicly-traded companies.
On August 7, Willkie client MetLife, Inc. (NYSE: MET) announced that it had completed the spin-off of Brighthouse Financial, Inc. (NASDAQ: BHF), creating two independent, publicly-traded companies. MetLife will continue to trade on the NYSE under the ticker symbol “MET.”
The spin-off is the centerpiece of MetLife’s continuing transformation into a less capital intensive company with stronger free cash flow.
Longstanding Willkie client MetLife is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.