American International Group and 21st Century Group said they have entered into an acquisition agreement with AIG receiving all outstanding shares of the direct marketing private-passenger automobile insurer it does not own for $813 million.
AMERICAN INTERNATIONAL GROUP - "AIG" redirects here. For other uses, see AIG (disambiguation).
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. and 21ST CENTURY GROUP said they have
entered into an acquisition agreement with AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group receiving all outstanding
shares of the direct marketing private-passenger automobile insurer it
does not own for $813 million. The deal is expected to close in the
third quarter with 21st Century operating as a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
Notes:
In other words, the parent company owns the company outright and there are no minority owners. of AIG.
COPYRIGHT 2007 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion