American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies. Concurrently, American General canceled its prior merger agreement with Prudential plc, and paid Prudential the $600-million termination fee specified in that agreement. Both AIG and American General indicated that the transaction could close within the next three to four months.
Topics Mergers & Acquisitions AIG
Was this article valuable?
Here are more articles you may enjoy.
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Albertsons Reaches $774 Million Opioid Accord, Records Loss From This Issue
