As expected, American International Group (AIG) said Thursday it will sell AIG Star Life Insurance and AIG Edison Life Insurance in Japan to Prudential Financial (PRU) for $4.8 billion. The deal marks yet another step in the bailed-out insurer’s efforts to repay the U.S. taxpayer.
The total purchase price of the two Japanese units amounts to $4.2 billion in cash and $0.6 billion in the assumption…
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AIG Sells Two Japanese Units for $4.8 Billion originally appeared on DailyFinance on Thu, 30 Sep 2010 06:20:00.
Filed Under: American International Group, Stocks in the News