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AIG to sell Alico to Metlife for $15.5bn
08 March 2010
American International Group (AIG) is selling American Life Insurance Company (Alico) to MetLife for around $15.5bn, in a deal that will help AIG repay the US government.
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AIG
Alico
Metlife
American International Group
American Life Insurance Company
AIA
Prudential
$15.5bn
American International Group (AIG) is selling American Life Insurance Company (Alico) to MetLife for around $15.5bn, in a deal that will help AIG repay the US government.
The deal includes $6.8bn in cash and the remainder in equity securities of MetLife, AIG said in a statement.
The equity security portion of the purchase price will consist of 78.2 million shares of MetLife common...
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