Thursday, May 17, 2007
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
American International Group, Inc. and 21st Century Insurance Group reported that AIG will acquire the 21st Century shares it does not currently own at a price of $22.00 per share in cash, for a total purchase price of approximately $813 million.
AIG already owns, through its subsidiaries, approximately 60.8% of the outstanding shares of 21st Century. Upon completion of the transaction, 21st Century will become a wholly owned subsidiary of AIG.
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
Source: Insurance Journal
AIG already owns, through its subsidiaries, approximately 60.8% of the outstanding shares of 21st Century. Upon completion of the transaction, 21st Century will become a wholly owned subsidiary of AIG.
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
Source: Insurance Journal
Permalink posted by armandn @ 7:01 AM 
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