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MetLife, Inc., has announced a plan to pursue the separation of a substantial portion of its U.S. retail segment.

In a statement, the company said that it is currently evaluating structural alternatives for such a separation, including a public offering of shares in an independent, publicly traded company, a spin-off, or a sale. MetLife said that it also is undertaking preparations to complete the required financial statements and disclosures that would be required for a public offering or spin-off.

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