Only one week after Bloomberg reported that Assicurazioni Generali was preparing to make a formal bid for the European assets of its US rival MetLife following months of talks on this potential acquisition, sources have now told Reuters that discussions have stalled because of differences over price.
Generali approached MetLife earlier in 2019 with an offer to buy up most of its underperforming European business, but talks that dragged on for over six months were dampened by management changes at MetLife, with a new boss coming into the organisation in May.
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