Summary
This 8-K filing from MetLife, Inc. (MET) on August 10, 2001, reports on a significant underwriting agreement executed on August 7, 2001. The agreement involves Merrill Lynch as the underwriter for the sale of 25,000,000 shares of MetLife common stock by Santusa Holding, S.L. (an affiliate of Banco Santander Central Hispano, S.A.). Importantly, MetLife, Inc. itself has agreed to repurchase 10,000,000 of these shares from Merrill Lynch.
Key Highlights
- 1MetLife, Inc. is involved in an underwriting agreement dated August 7, 2001.
- 2Santusa Holding, S.L. is selling 25,000,000 shares of MetLife common stock.
- 3Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as the underwriter for this sale.
- 4MetLife, Inc. has agreed to repurchase 10,000,000 of these shares from the underwriter.
- 5The shares being sold were originally acquired by an affiliate of Santusa Holding in a private placement at the time of MetLife's IPO.
- 6The transaction is being conducted under MetLife's shelf registration statement filed on June 12, 2001.