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American Equity no longer considering potential transaction


American Equity Investment Life Holding Co. announced today that its board of directors is no longer in discussions regarding a possible transaction. The West Des Moines-based annuity issuer had confirmed a year ago that it was in discussions regarding a potential sale or merger transaction. “The Board reviewed these indications of interest and engaged in discussions with interested parties, but ultimately determined that further engagement would not result in a transaction that was in the best interest of shareholders,” the company said in a statement. John Matovina, chairman and CEO, said: “Significant growth opportunities exist for American Equity as a standalone company because of well-known demographic trends. Our long-term outlook is favorable due to the growing number of Americans who need attractive fixed index annuity products that offer principal protection and guaranteed lifetime income.” 

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