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.
Farmers Looks to Make it Easier for Consumers to Understand Insurance 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions From This Issue
