Sector Update: Financial

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Financial shares are flat to lower in today's pre-market session on this Veteran's Day, when government offices and bond markets are closed.

In financial stocks news, KKR ( KKR ) is closing in on a deal to buy Brickman Group Holdings for $1.5 billion, the Wall Street Journal reports this morning, citing people familiar with the matter. The details have not been finalized and another buyer could still snap up the company.

KKR closed up 2.4% at $23.35 on Friday.

And AIG ( AIG ) and MetLife ( MET ) could pay more than $100 million to resolve an investigation into whether the companies lacked proper licenses to buy units Alico and Delaware America.

Alico and Delaware American were sold to MetLife in 2010. MET closed up 5.4% at $50.14 Friday; AIG is down 0.4% at $48.54 in pre-market trade.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AIG , KKR , MET

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