MetLife Issues Statement On Its Successful Bid for Aseguradora Hidalgo, S.A. in Mexico.

Business Wire | May 24, 2002 | Copyright

Business Editors

NEW YORK--(BUSINESS WIRE)--May 24, 2002

MetLife, Inc. (NYSE: MET) issued the following statement after the Mexican Government's announcement earlier today of the successful bid of approximately $ 965 million for the privatization of Aseguradora Hidalgo, S.A.

MetLife is pleased to be selected as the winning bidder for Hidalgo and looks forward to finalizing the process. The Mexican government has informed MetLife that following the announcement of the successful bid, certain employees of Hidalgo have a maximum five business-day ...

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