By Emre Peker and Zachary R. Mider Feb. 9 (Bloomberg) — MetLife Inc. may use stock to fund more than half of the planned $15 billion purchase of an American International Group Inc. life insurance unit, said three people with knowledge of the matter. MetLife plans to pay AIG about $8 billion in stock and the rest in cash for American Life Insurance Co., said the people, who spoke on condition of anonymity because the talks are private. Some of the cash may come from a $5 billion bridge loan from banks, the people said. AIG and MetLife, both based in New York, may reach an agreement over the sale as soon as Feb. 11, the people said. Mark Herr , a spokesman for AIG, declined to comment. MetLife’s Christopher Breslin declined to comment. To contact the reporters on this story: Zachary R. Mider in New York at zmider1@bloomberg.net ; Emre Peker in New York at epeker2@bloomberg.net .
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MetLife Said to Weigh Using $8 Billion of Stock to Fund AIG Alico Buyout
