Greenberg Seeks to Bid on AIG Assets

American International Group's(AIG Quote) former CEO Maurice Greenberg has asked the company's current CEO for the chance to bid on AIG assets as the company seeks to repay an emergency loan from the federal government, according to published reports.

Greenberg made the request to CEO Edward Liddy in a letter dated Sept. 29, and said the process of the selling of assets has been taking place "without transparency and without providing the opportunity for the participation of alternative purchasers" that would help AIG get the best price for shareholders.

The letter was first reported on the Web site of the Wall Street Journal, and was later verified by a Greenberg spokesman, Reuters reports. ...