AIG agrees to acquire SunAmerica
Article Abstract:
American International Group (AIG) has agreed to acquire annuity company SunAmerica in a stock transaction worth $18 billion. The agreement provides that SunAmerica investors will get 0.855 shares of AIG stock for every SunAmerica share. The exchange values each SunAmerica share at $74.80 each. The selling price of SunAmerica amounts to approximately six times its book value of $13. Maurice Greenberg, chairman of AIG, said that SunAmerica's growth, culture, creativeness and performance record attracted him to the company.
Comment:
Agrees to acquire annuity company SunAmerica in a stock transaction worth $18 billion
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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AIG is indeed looking to buy
Article Abstract:
American International Group Inc. (AIG) is seeking to make acquisitions. However, the company is not seeking to purchase a securities company.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Bidding war may push price of Applegate over $2 billion
Article Abstract:
The bid price for fund manager Nicholas Applegate escalates, surpassing the bid by Allianz, originally thought to be the winner.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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