Brookfield Reinsurance Submits Proposal to Acquire AEL for $4.3 Billion

BROOKFIELD, NEWS, June 27, 2023 (GLOBE NEWSWIRE) -- Brookfield today announced that following close of markets on June 26, 2023, Brookfield Reinsurance (NYSE, TSX: BNRE) delivered a letter to the board of directors of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) setting forth a proposal to acquire all of the outstanding shares of common stock of AEL not already owned by Brookfield Reinsurance for aggregate consideration of $55.00 per AEL share.