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.
US Tracking Cyber Threats Against Nearly 20 Ships Worldwide 
US Data Centers Set to Burn More Natural Gas Than Most Nations 
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance From This Issue
