Quick question...
in an acquisition like this, what becomes of the "assets" that the target has when it is bought/merged into the target?
or better yet, since this is an insurance target, the "assets" that they hold aren't even there's per-se, kind of like inventory in a way? (weird way of thinking about it, i know) because the assets are cash/cash equivs that they create products/invest on behalf of their clients that give them the money (referring to annuities arm)
to make things more complex, the acquirer is a private company (with diff subsidiary arms including an insurance one) so i cant even look into their financials later when it closes to see anything
just curious! im NOT going into FIG so i'm unaware of insurance/financial institution M&A
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