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MetLife to distribute common shares to complete Brighthouse spinoff

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MetLife to distribute common shares to complete Brighthouse spinoff

MetLife Inc. will distribute 96,776,670 Brighthouse Financial Inc. common shares to its shareholders Aug. 4.

The distribution is out of the 119,773,106 common shares of wholly owned unit Brighthouse. The distribution will complete Brighthouse's spinoff.

The company said certain MetLife affiliates will participate in the distribution.