For Immediate Release

Chicago, IL – February 26, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: MetLife Inc. (MET), American International Group Inc. (AIG), Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and Deutsche Bank AG (DB).

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Here are highlights from Thursday’s Analyst Blog:

MetLife Seeks $5B Loan for ALICO

On Feb 23, 2010, Bloomberg reported that MetLife Inc. (MET) is looking for a $5 billion loan in order to complete the long pending acquisition of American International Group Inc.’s (AIG) American Life Insurance Co. (ALICO) unit. For this, MetLife has already solicited some firms, namely, Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM), Deutsche Bank AG (DB), among others, to tender pledges for a bridge term loan of $5 billion. A final decision is expected very soon.

MetLife had been involved in an advanced round of negotiations with AIG since Jan 2010 to purchase its ALICO unit for about $14–$15 billion. For this, MetLife expects to fund the acquisition by paying about $8-$9 million in cash, while the rest will be in the form of debt. This debt would be sought by the $5 billion bridge loan that the company is negotiating from other banks.

Although the negotiations towards the final completion had been delayed for the past couple of weeks due to a tax liability dispute about sale of products to foreign customers, we believe an agreement on the loan will hasten the process of final closure of the ALICO deal.

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