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MET > SEC Filings for MET > Form 8-K on 21-Feb-2014All Recent SEC Filings

Show all filings for METLIFE INC

Form 8-K for METLIFE INC


Other Events

Item 8.01 Other Events.

On February 14, 2014, MetLife European Holdings LLC, an indirect subsidiary of MetLife, Inc. (the "Company") entered into a definitive agreement to sell its wholly-owned subsidiary, MetLife Assurance Limited, to Rothesay Life Limited. The Company expects to record a charge of between $350 million and $390 million, net of tax, reflecting the estimated loss on sale, in the first quarter of 2014. The transaction is expected to close in the second quarter of 2014, subject to regulatory approvals and satisfaction of other closing conditions. The Company expects that the proceeds from the sale will be used for general corporate purposes.

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