MetLife (MET -0.8%) prices a common stock offering of 75M shares at $42/share, which would raise...

|By:, SA News Editor

MetLife (MET -0.8%) prices a common stock offering of 75M shares at $42/share, which would raise $3.15B, around $1B more than the insurer said it would raise to fund its Alico (AIG) acquisition. Some analysts had expected the offering to go as high as $4B-5B, in an effort to avoid a possible ratings downgrade from S&P. (see also)