Monday, March 1, 2010

News Alert: Prudential of Britain to Buy A.I.G.'s Life Insurance Unit in Asia for $35 Billion.

Breaking News Alert
The New York Times
Mon, March 01, 2010 -- 5:31 AM ET
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Prudential of Britain to Buy A.I.G. Unit in Asia for $35 Billion.

The British insurance company Prudential said Monday it had
agreed to buy American International Group's big life
insurance business in Asia in a deal valued at $35.5 billion.
The sale of American International Assurance would allow
A.I.G. to make the biggest repayment yet toward the more than
$180 billion it received as part of a U.S. government
bailout.

Read More:
http://www.nytimes.com?emc=na

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