According to rumors published by The New York Post, the sale of AIG’s (AIG) Asia unit to Prudential UK is in trouble because investors in the UK firm object to the price and method for financing the transaction. The buyout is valued at $35.5 billion. Some of that will go to repay US taxpayers who have put $182 billion into AIG.
“This [deal] is not a foregone conclusion by any stretch,” said one banker familiar with the transaction.
Douglas A. McIntyre
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
