MetLife announced Sunday it is selling its U.S. retail adviser force, the MetLife Premier Client Group, to Massachusetts Mutual Life Insurance Co. The deal also includes MetLife’s (NYSE:MET) affiliated broker-dealer, MetLife Securities. The purchase price is about $300 million, according to a Securities and Exchange Commission filing. MassMutual and MetLife announced they were discussing the deal on Feb. 25. “This is a milestone event in the 165-year history of MassMutual – and will result…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/metlife-is-selling-its-u-s-retail-adviser-force-to.html
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