This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AIG Plans 21st Century Buyout

AIG (AIG - Get Report) bid $19.75 a share in cash for the 38% of 21st Century Insurance (TW - Get Report) it doesn't already own.

AIG would pay out $690 million in buying out public shareholders in the insurer. The deal offers 21st Century shareholders a 19% premium to Wednesday's closing price.

AIG said it has no interest in selling its stake in 21st Century.

"Our proposal represents an excellent opportunity for 21st Century's shareholders to monetize their investment at a full and fair value for their shares," AIG said. "For AIG, this is an opportunity to make a substantial additional investment in a business we know well."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TW $129.10 0.24%
AIG $57.12 0.22%
AAPL $132.75 1.90%
FB $82.14 0.75%
GOOG $556.30 -1.60%

Markets

DOW 18,113.24 +33.10 0.18%
S&P 500 2,121.17 +3.48 0.16%
NASDAQ 5,099.8130 +7.7280 0.15%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs