American Equity rejects private equity takeover bid as problems with investor brew
January 9, 2023 by Tyler Jett
For the second time in just over two years, American Equity Investment Life Holding Co. has rebuffed a hostile takeover ― though the battle may still be brewing.
The West Des Moines retirement funds provider, which employs about 800 people, recently disclosed that it had received two offers from private equity firm Elliott Investment Management last month.
Click HERE to read the full story via The Des Moines Register
Wink’s Note: Tyler Jett–
I am a competitive intelligence analyst that focuses on the life insurance and annuity industry. I also happen to live in Des Moines!
I consume The Des Moines Register daily, and couldn’t help but notice your article on American Equity this morning.
If you followed me, you would have known about the trouble with Brookfield on November 9th.
You would have also received the news about the Prosperity/Elliot Investment Management takeover bid on December 21st.
I work with the press to ensure that they have the latest on this market. I run a third-party market research firm, Wink, Inc. We track life insurance/annuity companies, their products, features, rates, sales, and marketing.
Let me know how I can help! – sjm