Swiss Re expects to raise $3.9 billion instead of $4.7 billion in equity securities to fund its acquisition of GE Insurance Solutions, the Zurich-based company said today.
In place of the $800 million in planned equity, Swiss Re will use internally-generated cash. The expected total cost for the acquisition remains unchanged at $7.6 billion.
Swiss Re and General Electric have agreed that the portion of the purchase price payable in Swiss Re shares is to be reduced to $2.4 billion.
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