Apollo (APO), Harbinger and Guggenheim have made offers for an Aviva (AV) U.S. life insurance...

|About: Apollo Global Management,... (APO)|By:, SA News Editor

Apollo (APO), Harbinger and Guggenheim have made offers for an Aviva (AV) U.S. life insurance unit, Bloomberg reports, with some of the bidders holding talks with other investors about forming consortia to share the cost. The subsidiary could fetch over $1B, far below the $2.9B Aviva paid for most of its U.S. ops.