Brookfield Asset Management Reinsurance Partners Ltd. (BAMR, BAMR.TO) has agreed to acquire American National Group, Inc. (ANAT) in an all-cash deal valued at approximately $5.1 billion. Each issued and outstanding share of American National common stock will be converted into the right to receive $190.00.

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RTTNews | Aug 9, 2021 07:37AM EDT

07:36 Monday, August 9, 2021 (RTTNews.com) - Brookfield Asset Management Reinsurance Partners Ltd. (BAMR, BAMR.TO) has agreed to acquire American National Group, Inc. (ANAT) in an all-cash deal valued at approximately $5.1 billion. Each issued and outstanding share of American National common stock will be converted into the right to receive $190.00.

The consideration will be funded by Brookfield Reinsurance through a combination of committed debt and equity financing, including committed debt financing of $1.5 billion and an equity commitment of up to the aggregate merger consideration from Brookfield Asset Management Inc.

Shares of American National Group were up 7% in pre-market trade on Monday.

Read the original article on RTTNews ( https://www.rttnews.com/3217291/brookfield-to-acquire-american-national-quick-facts.aspx)

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