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AIG Looks for a Reprieve -- Again
American International Group(AIG Quote) may be looking to the Federal Reserve to relax rules on how bidders pay for assets as it tries to repay a $60 billion loan.
The insurer believes it can create competition for the assets by allowing bidders to pay using a greater portion of shares, or through installments. The current scenario the company is operating under is that it can only sell assets to bidders putting up 90% of the price in cash. ...
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