Application sellers do not ordinarily turn out to be organization-stage corporations by concentrating on a single products.
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American Financial Group, Inc. Announces Agreement to Sell its Annuity Business to MassMutual for $3.5 Billion
CINCINNATI–(BUSINESS WIRE)–Jan 27, 2021– American Financial Group, Inc. (NYSE: AFG) announced today that it has entered into a definitive agreement to sell its Annuity business to Massachusetts Mutual Life Insurance Company (MassMutual) for $3.5 billion in cash, subject to final closing adjustments to the extent that GAAP shareholders’ equity excluding […]
Wells Fargo to Sell its Canadian Equipment Finance Business
Toronto-Dominion Bank (NYSE:TD) has announced that it plans to acquire Wells Fargo‘s (NYSE:WFC) Canadian direct equipment-finance business for an undisclosed amount. The unit has assets of roughly 1.5 billion Canadian dollars ($1.18 billion) and over 120 employees. TD Bank expects the purchase to add scale to its existing Canadian equipment […]