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Financials Up Amid Deal Activity -- Financials Roundup
Top Midday Stories: Nordstrom to Be Taken Private by Founding Family, Mexican Retailer; Honda, Nissan Sign Merger MOU
Express News | Metropolis Group Agrees to Acquire Berry's Assets Outside of China
News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET
According to reports, MetLife (MET.US) will reach an agreement to acquire Li Zeqi's investment in Overseas Assets in China.
According to reports from Bloomberg, the USA's MetLife Insurance Company (MET.US) is about to reach an agreement to acquire PineBridge Investments' assets overseas from Li Zekai's PCCW Group. The report indicates that the two companies are negotiating the details of a trade, with the announcement expected to be made soon. The acquisition is valued at approximately 1.3 billion to 1.4 billion USD.
Sector Update: Financial Stocks Lean Lower Premarket Monday