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"We're done playing defense," says AIG chairman Steve Miller. After a number of sales over the...

  • Thursday, January 24, 3:15 PM ET
    "We're done playing defense," says AIG chairman Steve Miller. After a number of sales over the past few years to pay back the Treasury, "our next transaction will likely be an acquisition." Speaking of sales, the insurer hires lobbyist Patton Boggs to grease its sale of ILFC through regulators here and in China.
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This news story has 6 comments:

  •  
    The stock trades at a substantial discount to book value and he is talking acquisitons NOW? This moron should be shown the door.
    Get the stock up in the mid to high $40's then u can mention the word acquisition
    24 Jan, 03:33 PM Reply Like
  •  
    Agreed-- Their management should be commended for some things, but lately it doesn't seem like there is a shoe anywhere that won't easily fit in their senior management's mouth(s). Just not a whit of frigging sense about timing and appropriate statements.
    25 Jan, 01:37 AM Reply Like
  •  
    In the event there is an opportunity to increase the value of the company, I'm all for it. I'd be hard pressed to believe this would occur before a buyback though.
    24 Jan, 03:51 PM Reply Like
  •  
    i too would think the best acquisition would be stock at around half of book value :).
    24 Jan, 04:28 PM Reply Like
  •  
    The stock will be above $42.50 by the end of March is my guess. Go AIGWT.
    24 Jan, 09:28 PM Reply Like
  •  
    Acquisition now is good idea...buying back AIG's stoke at this price is a good move.
    25 Jan, 05:30 AM Reply Like
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