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RGA finishes split-off from MetLife

by St. Louis Biz Journal - Sep 14,2008

Reinsurance Group of America announced Friday the completion of the previously disclosed recapitalization and split-off from MetLife Inc.

As a result of the transaction, all shares of RGA common

stock previously held by shareholders other than MetLife and its subsidiaries have been reclassified as RGA Class A common stock. MetLife will also deliver to tendering holders of its common stock 29 million shares of RGA Class B common stock. RGA will no longer be majority-owned by MetLife, which will own, through its subsidiaries, 3 million shares of RGA Class A common stock.

Beginning Monday, RGA Class A common stock will be traded on the New York Stock Exchange under the ticker symbol RGA.A.

RGA Class B common stock began trading Friday on the New York Stock Exchange.

The ticker symbol RGA will be delisted.

St. Louis-based Reinsurance Group of America (NYSE: RGA) provides reinsurance for life insurance companies.
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© American City Business Journals Inc. All rights reserve

 

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