MetLife Inc. plans to use stock to pay for more than half of the planned $15 billion purchase of American International Group Inc. life insurance unit Alico, Bloomberg News reports Tuesday, citing three people with knowledge of the matter.

MetLife would pay AIG about $8 billion in stock and the rest in cash for Alico, or American Life Insurance Co., the sources said. Some of the cash may come from a $5 billion bridge loan from banks including JPMorgan Chase & Co. , Bank of America Corp., Deutsche Bank AG, and Credit Suisse Group AG.

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