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


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Published in Business and Finance on Monday, December 22nd 2008 at 11:06 GMT, Last Modified on 2008-12-22 11:06:59 by Market Wire   Print publication without navigation


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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