AIG to sell its Asian life insurance business to Britain’s Prudential (Los Angeles Times)
American International Group, which received more federal bailout money than any other firm, says it will return $25 billion from the deal to the U.S. Treasury. In its biggest deal since getting multiple infusions of federal bailout money, American International Group Inc. agreed today to sell its Asian life insurance business for $35.5 billion and return most of the proceeds to the U.S. Treasury.
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AIG to sell its Asian life insurance business to Britain’s Prudential (Los Angeles Times)
