‘Business as usual’ if Brookfield Reinsurance acquires American Equity

June 28, 2023 by John Hilton

American Equity’s board will review the proposal with advisors. In a separate statement, Brookfield said it’s aiming to negotiate terms of a definitive agreement and announce a transaction by June 30. The bid includes $38.85 per share in cash plus $16.15 per share in class A stock of Brookfield Asset Management Ltd.

“Business as usual,” said Sheryl Moore, CEO of Wink Inc and Moore Market Intelligence, of the impact of a Brookfield acquisition.

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Originally Posted at InsuranceNewsNet on June 27, 2023 by John Hilton.