MetLife, Inc. (MET) recently announced that MetLife Investment Management (“MIM”) has entered into a definitive agreement to acquire PineBridge Investments, a global asset manager with approximately $100 billion in assets under management. This deal includes $800 million in cash at closing, $200 million contingent upon meeting 2025 financial metrics, and $200 million tied to a multi-year earnout. PineBridge’s private equity funds group and its joint venture in China are excluded from this acquisition. This ...