Chinese investors seek AIG investment bargain

"American Life Insurance Co (Alico), an international life insurance branch of American International Group (AIG), may be acquired in part by a group of China-based investors.
AIG is currently on an asset selling spree to raise funds to pay off a $152 billion bailout loan from the US Federal Reserve.
However, AIG wants to keep boardroom control [...]" (2008-11-24)
Read more...