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It's tax time
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<blockquote data-quote="Caustic Burno" data-source="post: 622768" data-attributes="member: 694"><p>How do you think coperations raise capital ? They sell stock, they sell commercial paper, buy commercial paper</p><p>borrow from investment banks.</p><p>Oct. 8 (Bloomberg) -- MetLife Inc., the biggest U.S. life insurer, plans to raise capital and cut jobs after saying third- quarter profit fell as much as 48 percent. </p><p></p><p>MetLife is selling 75 million shares, valued at $2.8 billion at current prices, the New York-based company said yesterday in a statement. The insurer wants to assure investors it has liquidity to meet obligations and enable the company ``to take advantage of potential opportunities,'' Chief Executive Officer Robert Henrikson said. Last week, Atlantic Equities analyst Alan Devlin predicted MetLife could raise capital to bid on assets of American International Group Inc.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 622768, member: 694"] How do you think coperations raise capital ? They sell stock, they sell commercial paper, buy commercial paper borrow from investment banks. Oct. 8 (Bloomberg) -- MetLife Inc., the biggest U.S. life insurer, plans to raise capital and cut jobs after saying third- quarter profit fell as much as 48 percent. MetLife is selling 75 million shares, valued at $2.8 billion at current prices, the New York-based company said yesterday in a statement. The insurer wants to assure investors it has liquidity to meet obligations and enable the company ``to take advantage of potential opportunities,'' Chief Executive Officer Robert Henrikson said. Last week, Atlantic Equities analyst Alan Devlin predicted MetLife could raise capital to bid on assets of American International Group Inc. [/QUOTE]
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