priced a $1 billion stock offering.
said it is selling over 18.3 million shares at a price of $54.50 per share.
The proceeds, which should total about $970 million, will be used to help pay off its acquisitions of two Japanese life insurance units from
American International Group
Bank of America Merrill Lynch
will serve as joint bookrunning managers for the offering.
--Written by Maria Woehr in New York.
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