AIG Plans To Sell ALICO To MetLife (AIG,MET)
Saturday, March 6, 2010 - 12:38
Written on Sat, 03/06/2010 - 12:38pm
By Chip Brian

3/6/2010- AIG's (NYSE:AIG) board of directors approved the sale of a non-U.S. insurance division to MetLife Inc. (NYSE:MET), according to a Bloomberg report.
An agreement to sell American Life Insurance Co. may be announced soon, according to people familiar with the matter.
The price under discussion is about $15 billion.
CEO Robert Benmosche said, "AIG's foreign life insurance operations have always been one of the company's crown jewels. Alico is a global leader in life insurance, with operations in 54 countries serving 19 million customers."

Keywords: MetLife finance stock market Business News smartrend

Ticker(s): AIG MET

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