Saturday, May 29, 2010

AIG sees $30 billion for Asian unit too low - source


AIG sees $30 billion for Asian unit too low - source

NEW YORK (Reuters) - American International Group Inc believes $30 billion for its Asian unit, AIA is too low, and the U.S. insurer is not in a rush to do a deal, a source familiar with the matter said late on Friday. AIG believes it has many options for AIA, the source said. AIG views AIA as a "valuable property" and does not want to sacrifice value, the source said.

source: iii.co.uk

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