Business and Finance
Business and Finance
Mon, December 22, 2008
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Schaeffer's Early Edge: American International Group Sells Unit at Fire-Sale Prices
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.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/the+early+edge+american+international+group+xl+capital+visa+and+prudential+financial/observations.aspx?click=home&ID=89997 ]
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