MetLife shares were at their lowest since December on Wednesdayas the company faces a possible S&P downgrade over theacquisition of a unit of American International Group Inc.

According to Reuters, MetLife shares dropped more than 4 percent, a dayafter the company confirmed it was discussing the possibility of acquiring AIG's American Life Insurance Company(Alico).

Shares were down $1.50 at $34.87 on the New York StockExchange.

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