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AIG's (AIG) deal to sell its Taiwan unit for $2.2B may face further delays. Taiwanese regulators...

AIG's (AIG) deal to sell its Taiwan unit for $2.2B may face further delays. Taiwanese regulators were meant to rule on the deal in mid-May, but a top official said this morning "there is lots of paperwork they have not been able to sufficiently provide. It would be tough to make a decision."
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Comments (2)
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
    Too bad for Taiwan. In communist China they make decisions like this with alacrity.
    30 Apr 2010, 08:24 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    "American International Group has been unable to seal the deal it agreed in October, amid concern in Taiwan that the buyers -- battery maker China Strategic and Hong Kong-based investment fund Primus Financial, have received backing from mainland China and do not have a background in running an insurance business."


    (AIG board meeting) - "Gee, what sucker can we find to sell this worthless crap to? Hey, wait...check out this Chinese battery maker with some serious cash...THERE's the ticket!"
    30 Apr 2010, 08:27 AM Reply Like
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