MetLife Announces Expiration Of Tender Offer For AFP Provida Shares

(RTTNews) - MetLife Inc. (MET) announced the expiration of the tender offer by its subsidiary, MetLife Chile Acquisition Co. S.A., for all of the outstanding common shares of AFP Provida S.A. that are held by U.S. holders, and all of the outstanding American Depositary Shares, each representing fifteen common shares of Provida, from all holders, wherever located.

The U.S. Tender Agent informed that a total of 4,851,876 ADSs, representing approximately 21.97% of the currently outstanding common shares of Provida, were validly tendered and not withdrawn in the U.S. Offer. No common shares were tendered into the U.S. Offer and no holders that tendered ADSs into the U.S. Offer elected to receive payment in Chilean Pesos.

MetLife also announced the expiration of the simultaneous tender offer in Chile to purchase all of the outstanding common shares of Provida from all holders of common shares, wherever located. The Chilean agents informed that a total of 58,949,845 common shares were validly tendered and not withdrawn in the Chilean Offer, representing approximately 17.79% of the currently outstanding common shares.