MetLife spinoff News

MetLife Inc. has filed for a spinoff of a U.S. retail unit after considering alternate plans to sell the business or exit through an initial public offering. At least 80.1 percent of the shares in the unit, Brighthouse Financial Inc., …

MetLife Inc. may favor a spinoff of its Brighthouse Financial U.S. business rather than pursue an initial public offering of the unit, RBC Capital Markets analysts led by Eric Berg said after chatting with the company’s chief financial officer. “A …