MetLife: In talks with AIG for insurance unit

[The Straight Story]

MetLife: In talks with AIG for insurance unit

Shares of MetLife slid Wednesday, a day after the insurer confirmed that it's in talks with American International Group Inc. about buying the American Life Insurance Company.

MetLife said that a deal for the AIG unit, which operates in more than 50 countries, isn't certain.

MetLife Chief Executive Robert Henrikson spoke of the AIG talks Wednesday during a conference call.

"MetLife does not need to enter into any (merger and acquisition) transaction to meet our business objectives," said Wednesday during an analyst call. "Any transaction we undertake would be accretive and financially attractive to our shareholders."

Henrikson's comments came at the beginning of the conference call to discuss the New York-based insurer's fourth-quarter earnings.

http://www.businessweek.com/ap/financialnews/D9DKPPC80.htm

[leftstreet]

1. Too Big to....

nevermind