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AIG stands to gain if sale of Asian unit falls apart Print E-mail

New Straits Times  8 March 2010

NEW YORK : American International Group Inc will receive a termination fee of US$230.6 million (US$1 = RM3.37) if the sale of its Asian life insurance business to Britain's Prudential plc falls through.

In a filing with the Securities and Exchange Commission late on Friday, AIG said the deal, announced March 1, 2010 and given the go ahead by the US government, but still requires regulatory and shareholder approval.

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Last Updated ( Monday, 08 March 2010 )
 
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