Beijing-based Anbang Insurance Group Co., Ltd. has agreed to acquire New York Stock Exchange-listed U.S. annuities and life insurer Fidelity & Guaranty Life for US$1.57 billion, according to a joint announcement. Anbang will acquire all of Fidelity & Guaranty Life's outstanding shares at US$26.80 per share, representing a 28.9% premium over the company's closing share […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.