Key Developments: Metlife Inc (MET.N)

MET.N on New York Stock Exchange

17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

TRW signs pension buyout agreement with MetLife Inc
Tuesday, 16 Dec 2014 11:41am EST 

MetLife, Inc:Signs an agreement with TRW, a subsidiary of TRW Automotive Holdings Corp for MetLife to provide pension benefits to 7,045 retirees and current beneficiaries in TRW's defined benefit plan in a $440 million transaction.  Full Article

MetLife Inc announces new $1 billion share repurchase authorization
Friday, 12 Dec 2014 06:30am EST 

MetLife Inc:Approved a $1 billion increase in the company's authorization to repurchase its common stock.The new authorization comes as MetLife has nearly completed a $1 billion common stock repurchase program that it initiated in June 2014.Under the June program, a total of $967.1 million in MetLife common stock has been repurchased as of Dec. 11.  Full Article

Metlife Inc acquires Fairmont Hotel in Washington, D.C
Thursday, 11 Dec 2014 08:37am EST 

Metlife Inc:Acquires the Fairmont Hotel in Washington, D.C., for $180 mln from IvanhoĆ© Cambridge.415-room Fairmont has a four diamond rating from AAA and is one of the premier luxury hotels in the nation's capital.MetLife is the sole owner of the hotel, which is located in the West End of the capital next to historic Georgetown.Fairmont Hotels & Resorts will manage the property for MetLife.Washington, D.C., is one of the country's most stable hotel markets.  Full Article

Metlife declares fourth quarter 2014 preferred stock dividends
Monday, 17 Nov 2014 04:05pm EST 

Metlife Inc:Declares fourth quarter 2014 dividends of $0.2527777 per share on the company's floating rate non-cumulative preferred stock, Series A and $0.4062500 per share on the company's 6.50 pct non-cumulative preferred stock, Series B.Payable on Dec. 15 to shareholders of record as of Nov. 30.  Full Article

Metlife Inc completes merger of Three Life Insurance Companies and One Former Offshore Reinsurance Subsidiary
Monday, 17 Nov 2014 08:30am EST 

Metlife Inc:Completes mergers of its subsidiaries MetLife Insurance Company of Connecticut, MetLife Investors USA Insurance Company, MetLife Investors Insurance Company and Exeter Reassurance Company Limited.The merged company has been renamed MetLife Insurance Company USA and is domiciled in Delawar.All necessary regulatory approvals have been received for these mergers.  Full Article

Metlife declares fourth quarter 2014 common stock dividend
Tuesday, 28 Oct 2014 04:05pm EDT 

Metlife Inc:Declares a fourth quarter 2014 common stock dividend of $0.35 per share.Payable on Dec. 12 to shareholders of record as of Nov. 7.  Full Article

MetLife Inc and Panattoni to develop three new industrial parks
Thursday, 9 Oct 2014 08:30am EDT 

MetLife Inc:Will develop three new industrial distribution parks for nearly $63 million in the Seattle area with the Panattoni Development Co a privately held, national developer based in Newport Beach, Calif.The greenfield sites will add more than 900,000 square feet warehouse space in the Seattle region.MetLife will be the majority owner and Panattoni will be the managing minority partner.  Full Article

Metlife prices remarketing of series E senior component debentures
Tuesday, 30 Sep 2014 04:45pm EDT 

MetLife Inc:Says pricing of remarketing of $499,924,000 aggregate principal amount of 1.903 pct series E senior component debentures, tranche 1 and $499,924,000 aggregate principal amount of its 4.721 pct series E senior component debentures, tranche 2.Both tranches originally comprised part of $1 bln aggregate principal amount of MetLife's series E senior debentures due 2045 and formed part of 40 mln common equity units.Says which were issued in Nov. 2010 in connection with MetLife's acquisition of American Life Insurance Company and Delaware American Life Insurance Company.Following settlement of remarketing, stated maturity of Tranche 1 and tranche 2 debentures will, effective Oct 8, be adjusted to Dec. 15, 2017 and Dec. 15, 2044, respectivel.Proceeds of remarketing, net of remarketing agents' fees, will be paid to holders of common equity units who participated in remarketing. MetLife, Inc.Says will ultimately receive $1 bln in aggregate from proceeds of remarketing and from holders that elected not to participate in remarketing in return for delivering newly-issued shares of MetLife common stock to all holders of common equity units upon settlement of related stock purchase contracts.Deutsche Bank Securities, Citigroup, Credit Suisse, Goldman, Sachs & Co., HSBC, UBS Investment Bank and Wells Fargo Securities acted as lead remarketing agents.  Full Article

MetLife Inc declares third quarter 2014 preferred stock dividends
Friday, 15 Aug 2014 04:05pm EDT 

MetLife Inc;:Announced that it has declared third quarter 2014 dividends of $0.2555555 per share on the company's floating rate non-cumulative preferred stock, Series A and;.$0.4062500 per share on the company's 6.50% non-cumulative preferred stock, Series B.Payable Sept. 15 , to shareholders of record as of Aug. 31.  Full Article

MetLife Inc acquires major Retail Center in Florida
Tuesday, 12 Aug 2014 09:00am EDT 

MetLife Inc:Acquires The Loop, 435,000 square foot outdoor retail center in Kissimmee, Fla.MetLife bought complex from an institutional client of AEW Capital Management, global real estate investment management services company.Loop is located on nearly 57 acres at intersection of Osceola Parkway and John Young Parkway, south of Orlando's central business district.Built in 2005, the property is 99 percent leased and has 43 tenants, including CVS Caremark Corp., Kohl's Corp., Michaels Stores, Petco, Regal Cinemas and The Sports Authority.  Full Article

Fitch Affirms MetLife's Ratings; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, December 15 (Fitch) Fitch Ratings has affirmed all existing ratings assigned to MetLife, Inc. (MetLife) and its subsidiaries, including the 'AA-' Insurer Financial Strength (IFS) ratings assigned to certain domestic life insurance companies and the 'A' Issuer Default Rating (IDR) assigned to MetLife. The Rating Outlook for MetLife and its subsidiaries is Stable. KEY RATING DRIVERS The affirmation of MetLife's ratings reflec

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