Monday, March 8, 2010

AIG to sell Alico unit to MetLife for $15.5 billion - Mar. 8, 2010

AIG to sell Alico unit to MetLife for $15.5 billion - Mar. 8, 2010: "AIG agreed Monday to sell its American Life Insurance Co. unit to MetLife Inc. for $15.5 billion in cash and stock, in beleaguered AIG's second sale of an international unit in a week.AIG said it will sell the unit, known as Alico, for $6.8 billion in cash and the remainder in MetLife equity."and later:""This sale is an

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