1. AIG Weighs IPO or Stake Sale of Life and Retirement Unit

    AIG Weighs IPO or Stake Sale of Life and Retirement Unit

    Insurer American International Group Inc said on Friday it is considering an initial public offering or a private sale of nearly 20% of its life and retirement business to separate the unit from the rest of the company over the coming year. The comments during a quarterly earnings call offered further detail on how it might carry out the long-discussed divestiture, which it announced last week...

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    1. We currently contemplate either an IPO or a private sale of up to 19.9% of Life and Retirement, followed by one or more dispositions of our remaining ownership interest over time.
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