Posted by Reuters: Business News on September 7, 2010
HONG KONG (Reuters) – American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
Posted by Reuters: Business News on July 18, 2010
NEW YORK (Reuters) – American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.
Posted by Reuters: Business News on June 1, 2010
HONG KONG (Reuters) – American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest ever transaction.
Posted by Reuters: Business News on May 28, 2010
LONDON (Reuters) – Prudential is trying to salvage its $35.5 billion bid to buy AIG’s Asian life insurance unit by negotiating a price cut in a last-ditch attempt to prevent the deal from collapsing.
Posted by Reuters: Business News on May 13, 2010
LONDON/NEW YORK (Reuters) – UK regulators have agreed in principle to Prudential Plc’s $35.5 billion purchase of AIG’s Asian life insurance unit, sources familiar with the situation said, and the British insurer hopes to price its bumper rights issue within days.
Posted by Reuters: Business News on March 8, 2010
NEW YORK (Reuters) – AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout.
Posted by Reuters: Business News on March 1, 2010
NEW YORK (Reuters) – Stocks rose on Monday, boosted by AIG’s deal to sell its Asian life insurance unit and prospects for solving Greece’s debt problems, which have increased fears about the outlook for global recovery.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stock index futures rose on Monday after AIG said it would sell its life insurance unit in Asia and as investors awaited U.S. data on manufacturing and consumer spending.
Posted by Reuters: Business News on October 13, 2009
TAIPEI/HONG KONG (Reuters) – American International Group has struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a unit since a government bailout saved it from collapse last year.
Posted by Reuters: Business News on
TAIPEI/HONG KONG (Reuters) – American International Group has agreed to sell it’s Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.
