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American Equity Investment Life Holding Co.
Ticker Symbol: AEL CUSIP: 025676206 Exchange: NYSE
Company's Online Profile
BUSINESS: American Equity Investment Life Holding Company Investment Life Holding Company, through its wholly-owned operating subsidiaries, issues fixed annuity and life insurance products, with a primary emphasis on the sale of fixed index and fixed rate annuities.
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Find All Related Securities for AEL
Notes: -Jul. 5, 2023- - Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion.
As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. (NYSE, TSX: BAM) (“BAM”) class A limited voting share (“BAM Shares”) having a value equal to $16.15 (based on the undisturbed 90-day volume-weighted average share price (“VWAP”) of the BAM Shares on June 23, 2023), subject to adjustment in certain circumstances as described below (the “Merger Consideration”). The Merger Consideration of $55.00 per share represents a 35% premium to AEL’s undisturbed closing share price on June 23, 2023 and a 42% premium to AEL’s 90-day VWAP as of such date.
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IPO - 12/4/2003 - 18.70 Million Shares @ $9.00 /share.
Link to IPO Prospectus
Large Cap Stock -
Market Value $ Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 6000 Westown Parkway, West Des Moines, IA 50266 |
Main Phone Number |
515-221-0002 |
Fax Number |
515-221-9947 |
Investor Relations
Steven D. Schwartz
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515-273-3763
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Toll Free Phone Number |
888-221-1234 |
CEO - Anant Bhalla |
CFO - Axel André |
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