Kaskela Law LLC is investigating the fairness of the proposed buyout of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) by Brookfield Reinsurance (“Brookfield”).

On July 5, 2023, AEL announced that it had agreed to be acquired by Brookfield at a price of $55.00 per AEL share (consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. share).  Following the closing of the proposed transaction, AEL investors will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation seeks to determine the fairness of the proposed transaction to AEL’s investors, including whether AEL shareholders will be receiving sufficient consideration for their shares, and whether AEL’s directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to Brookfield at $55.00 per share.

AEL shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and to speak with an attorney about their legal rights and options.