AEGON N.V. - AEGON and Merrill Lynch announce strategic relationship.

PR Newswire UK Disclose, August, 2007

 
The Hague / New York, August 13, 2007 
 
AEGON and Merrill Lynch announce strategic relationship; 
 
AEGON to acquire Merrill Lynch Life Insurance Companies 
 
AEGON (AEX: AGN/NYSE: AEG) and Merrill Lynch (NYSE: MER) today announced they 
will form a strategic business relationship in the areas of insurance and 
investment products. As part of this relationship, an AEGON company has signed 
an agreement to acquire Merrill Lynch Life Insurance Company and ML Life 
Insurance Company of New York for USD 1.3 billion in cash. The purchase price 
includes excess surplus of approximately USD 425 million. The transaction is 
expected to close before the end of the fourth quarter of 2007, subject to 
customary regulatory approvals and closing conditions. 
 
Merrill Lynch will continue to...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.