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AIG (AIG) raises $2.02B by selling 591.9M shares in AIA Group for HK$26.50 ($3.42) each, or a...

AIG (AIG) raises $2.02B by selling 591.9M shares in AIA Group for HK$26.50 ($3.42) each, or a 0.8% premium to the latter's close in Hong Kong yesterday. AIG's stake in AIA fell to 13.69% from 18.6%. One analyst was disappointed with the divestment, saying it was "meaningfully below both our and consensus expectations." (PR)
Comments (3)
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    AIG did an excellent job in this partial divesture , the pricing was well timed
    7 Sep 2012, 08:08 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8144) | Send Message
     
    I meant (IMH) not MTG...
    7 Sep 2012, 10:07 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8144) | Send Message
     
    This is a highly accretive transaction.
    7 Sep 2012, 10:08 AM Reply Like
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