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Stock Market & Financial Investment News

News Breaks
December 9, 2012
20:00 EDTAIGAIG announces agreement to sell up to 90% of ILFC
American International Group and an investor group led by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd., announced that they have entered into an agreement under which AIG will sell up to a 90% stake in International Lease Finance Corporation, ILFC, a non-core asset, to the investor group in a transaction that values ILFC at approximately $5.28B. The investor group comprised of New China Trust, China Aviation Industrial Fund and P3 Investments Ltd. has agreed to acquire 80.1% of ILFC for approximately $4.23B, with an option to acquire an additional 9.9% stake. Upon receipt of required Chinese regulatory approvals and exercise of the option, the investor group is expected to be expanded to include New China Life Insurance and an investment arm of ICBC International. The transaction, which is expected to close in Q213, marks another success in the disposition of AIG’s non-core assets. At closing of the transaction, AIG will retain at least a 10% ownership stake in ILFC, allowing it to continue to participate in the growth of ILFC’s unique franchise, including the benefits that the investor group will bring to the company.
News For AIG From The Last 14 Days
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July 30, 2015
13:46 EDTAIGAIG August weekly volatility elevated into Q2 and outlook
AIG August weekly call option implied volatility is at 26, August is at 20, September is at 19; compared to its 52-week range of 12 to 33, suggesting large near term price movement into the expected release of Q2 results on August 4.
July 28, 2015
08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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