Thursday, April 21, 2011

American International Group (NYSE:AIG) Facing Sellof Problems

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American International Group (NYSE:AIG) is facing obstructions in the sale of its Taiwan unit. American International Group (NYSE:AIG) Facing Sellof Problems The American insurer American International Group (NYSE:AIG) is facing obstacles from Taiwan regulators over the sale of its Taiwan life insurance unit, Nan Shan Life. The company announced the sale 18 months ago, but regulators have rejected one deal stating that the buyer lacked financial management expertise. American International Group (NYSE:AIG) said that if the regulators again reject the sale, it will stop funding new business at the unit. American International Group (NYSE:AIG) acting CEO Richard Bender said, "When you thought you’ve made a good choice this time, based on what you learned the first time, I don’t know how you go back into the process yet one more time to do it, that would be a difficult thing to do I think”. American International Group (NYSE:AIG) shares are currently standing at 32.12. Price History Last Price: 32.12 52 Week Low / High: 31.83 / 62.87 50 Day Moving Average: 37.27 6 Month Price Change %: -7.9% 12 Month Price Change %: -0.6%



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