Rochester, NY 7/15/2009 3:50:47 AM
AIG - American International Group, Inc. (Chicago Board Options Exchange)
American International Group, Inc., AIG
American International Group, Inc., AIG
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American International Group, Inc. (AIG) has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the Company raise more than $15 billion, the Financial Times said. The preliminary talks over the unit known as Alico could break down, as they did earlier in the year when AIG and MetLife disagreed over the price, the newspaper said, citing people close to the situation. AIG spokeswoman Christina Pretto declined to comment on what she called rumor and speculation. MetLife spokesman John Calagna declined to comment. AIG is selling assets to help repay $83 billion of loans from the federal government, which has a nearly 80% stake in the Company.
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