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Updated Tuesday, December 15, 2009 1:15 pm TWN, Bloomberg

Waterland Financial may buy MetLife's Taiwan unit

Waterland Financial Holdings is in talks to buy MetLife Inc.'s Taiwan life insurance unit, the Taipei-based company said in an exchange filing yesterday. “The board has authorized the chairman to engage talks on the deal,” according to the statement. It declined to comment on the price, citing confidentiality. The Commercial Times reported on Dec. 12 Waterland may bid as much as $100 million for the insurer.
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