American International Group Inc. (AIG) Unlikely To Evince Traders' Interest
May 28, 2010 2:44 PM
The Treasury Department and the Federal Reserve are willing to allow American International Group Inc.(NYSE: AIG) bring down the price it would accept in the sale of its Asian insurance unit, AIA Group Ltd. U.K. life insurer Prudential confirmed Friday it is renegotiating its $35.5 billion deal with American International Group Inc. (AIG) to acquire the business.
American International Group Inc. (AIG), which is already off 3.2% in the afternoon action on Friday subsequent to the announcement, is likely to show some consolidation around the level of $35 in near future. American International Group Inc.(AIG) is unlikely to show major traders’ interest subsequent to the downward revision in the acquisition price of its Asian operations by Prudential.
