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MetLife board approves $1.5B share buyback plan

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MetLife board approves $1.5B share buyback plan

MetLife Inc.'s board has authorized the company to buy back $1.5 billion of its common stock.

Additionally, the company said it is considering a number of transactions to divest its Brighthouse Financial Inc. common stock and anticipates completing the divestiture before the end of 2018.

MetLife said it does not expect the structure of any such transaction to affect its plans to repurchase common stock in 2018.