Apollo to buy Aviva?

Per the term sheet on cnnmoney.com: Apollo Global Management is in pole position to acquire Aviva PLC‘s (LSE: AV) U.S. life insurance and unities unit, according to Bloomberg. Apollo is partnering with Guggenheim Partners on its bid, which is expected to be at a “substantial discount” to the unit’s book value. Harbinger Group also has submitted an offer. www.aviva.com.


You can read more about this deal and others, here: http://finance.fortune.cnn.com/2012/11/15/private-equity-deals-243/


We’ve known for awhile that Guggenheim, Harbinger and Apollo were all interested in buying Aviva. At this point, it looks like it is going to be some sort of Apollo/Guggenheim combination that purchases the carriers USA division. We will continue to keep our eyes on this story.


Annuity Values | Compare Annuities

Active communication helps everyone get better informed, so please share your thoughts (good or bad) on this subject in the Comments section below... no registration is needed to participate.


The articles displayed in RetirementThinkTank.com are for educational purposes only. Be sure to seek out personalized guidance from a licensed advisor/agent in your state for your insurance, investment, or tax planning needs.

Tags: , , , , , , ,


  • Hello, guest