AIG: To Postpone Japan Insurance Unit Merger

“TOKYO -(Dow Jones)- Troubled U.S. insurer American International Group Inc. ( AIG) said Friday it has postponed a plan to merge two units in Japan pending a review of operations.”

“AIG Edison Life Insurance Co. and AIG Star Life Insurance Co., are the subject of potential bid interest from a raft of insurance companies and private equity houses.” This merger would have been very good for the U.S. company because of how great the bid interest is. The reason for this delay could be the massive debt that AIG has accrued. They are busy paying it off and making themselves financially stable. Then, I assume once they are, the merger will go as planned. The article however doesn’t give an estimation on how long that might take.

http://money.cnn.com/news/newsfeeds/articles/djf500/200810310445DOWJONESDJONLINE000389_FORTUNE5.htm

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