The last paragraph answers a question many have; “what Greenberg connection is there, this time?”.
The purchase price of $5.6B versus the $3.6B MV is puzzling, and prior talks of $10B add more questions. The answer lies in the old cliche line (by an actuary) “If the present value in projected use after a sale exceeds the present value (not MV) in current use, a sale is likely to occur.”.
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AIG stockholders hope Duperrault doesn’t in the near future say “If it does not fit, you must divest of it.”
The last paragraph answers a question many have; “what Greenberg connection is there, this time?”.
The purchase price of $5.6B versus the $3.6B MV is puzzling, and prior talks of $10B add more questions. The answer lies in the old cliche line (by an actuary) “If the present value in projected use after a sale exceeds the present value (not MV) in current use, a sale is likely to occur.”.
All I can say is they better not ask for another bail out.
Tax Cuts 4 PolaRich Bears: Love the user name. Very creative!