Metlife Inc MET announced on January 13 that it is considering strategic alternatives for its U.S. retail business, including a separation of the unit, a spin-off, or an outright sale of the unit.
Related Link: MetLife Surges Following Plans To Separate Its U.S. Retail Business
On Thursday Metlife issued an update to its strategic alternative plans. The company confirmed that it is "in discussions" with MassMutual Financial Group regarding a potential transaction for its U.S. advisor force.
Metlife added that there can be no assurances that an agreement will be reached or consummated.
Shares of Metlife were trading higher by nearly 1 percent Thursday afternoon at $38.90.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
