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Update: AIG Submits $46 a Share Bid for American General
Updated from 5:01 p.m. ET
American International Group (AIG Quote) issued a $46-a-share bid Tuesday for rival insurer American General (AGC Quote), which has been mulling a merger offer from the U.K.'s Prudential PLC (PUK Quote).
AIG's all-stock offer, worth $23 billion, appears to top the Prudential bid, which was originally valued at $26.5 billion but fell along with the price of Prudential's stock. ...
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