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

Direct Life Insurance Carriers, Annuity Insurance, Annuities, SunAmerica Inc., Article

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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.

Strategy & planning, AIG

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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.

Germany, Investment advice, Investment Advisory Services, Mergers, acquisitions and divestments, Financial services industry, Financial services, Brief Article, Investment advisers, Allianz Aktiengesellschaft Holding, Nicholas-Applegate Capital Management

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