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Mon, December 22, 2008

Schaeffer's Early Edge: American International Group Sells Unit at Fire-Sale Prices


Published on 2008-12-22 11:06:47, Last Modified on 2008-12-22 11:06:59 - Market Wire
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CINCINNATI--([ BUSINESS WIRE ])--American International Group, Inc. (NYSE: AIG) is finally making progress on its mission to divest some non-core businesses. The bailed-out insurer agreed to sell its HSB Group unit to Munich Re AG for $742 million in cash, subject to regulatory approval.

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