American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies. Concurrently, American General canceled its prior merger agreement with Prudential plc, and paid Prudential the $600-million termination fee specified in that agreement. Both AIG and American General indicated that the transaction could close within the next three to four months.
Topics Mergers & Acquisitions AIG
Was this article valuable?
Here are more articles you may enjoy.
Allstate Q2 Net Income Jumps 56% on Underwriting 
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds 
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds 
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford From This Issue
