Fidelity Bought Out by Blackstone

Discussion in 'Annuities Forum' started by Justin Bilyj, May 25, 2017.

  1. Justin Bilyj
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    Justin Bilyj Well-Known Member

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    They had great MYGA specials, I wonder how their renewal rates and products overall will fare after this. Any guesses?

    As you have most likely seen in the press, we announced yesterday that the FGL board of directors has approved a transaction pursuant to which CF Corp. will acquire FGL at a price of $31.10 per share in cash. Sponsoring this transaction along with CF Corp. are the founders of CF Corp., Chinh E. Chu, and William P. Foley, II, and funds affiliated with Blackstone (NYSE: BX), and Fidelity National Financial (NYSE: FNF) (“FNF”).

    Press Release
     

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