Fidelity & Guaranty extends Anbang deal deadline, to take rival offers

Fidelity & Guaranty extends Anbang deal deadline, to take rival offers

Anbang Insurance. Photo: Bloomberg

In the face of U.S. state regulatory hurdles, U.S. annuities and life insurer Fidelity & Guaranty Life said on Thursday it extended the deadline for its $1.6 billion sale to China’s Anbang Insurance Group, and has negotiated the right to accept other offers.

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