FGL Scraps $1.6B Anbang Deal

The transcript discusses a failed $1.6 billion acquisition deal between Fidelity and China's Angbang Insurance Group. The deal fell apart due to Angbang's inability to provide necessary ownership and financial disclosures required by U.S. states. Angbang has a history of failed acquisitions, including a notable attempt to buy Starwood Hotels. This history may lead to stricter conditions from potential sellers in the future. Meanwhile, Fidelity is exploring other options, with interest from companies like Athene.

How might the failed acquisition affect future negotiations for Ambang?

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What other companies are mentioned as having interest in Fidelity?

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