We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| American International Group Inc | NYSE:AIG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.49 | 1.90% | 79.97 | 80.13 | 78.80 | 79.11 | 4,696,274 | 22:45:12 |
From May 2019 to May 2024
A.M. Best has commented that the Credit Ratings (ratings) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG] and its subsidiaries remain unchanged following the Jan. 22, 2018 announcement that AIG has signed a definitive agreement to acquire all outstanding common shares of Validus Holdings, Ltd. (Validus) [NYSE: VR].
Under the terms of the agreement, holders of Validus common shares will receive cash consideration of $68.00 per share, for an aggregate transaction value of $5.56 billion, funded by cash on hand. The transaction affords AIG the benefits of business diversification and a seasoned management team, while being immediately accretive to earnings and maintaining AIG’s financial leverage within acceptable levels for its ratings.
Given the lack of business overlap and general modest size of Validus, this transaction should not result in material execution risk or distraction to AIG as it works to improve the performance of its property/casualty business.
The transaction is expected to close mid-2018, subject to approval by Validus shareholders and other customary closing conditions, including regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006496/en/
A.M. BestDarian Ryan, CPA, +1 908-439-2200, ext. 5449Senior Financial Analystdarian.ryan@ambest.comorMichael Lagomarsino, CFA, FRM, +1 908-439-2200, ext. 5810Senior Directormichael.lagomarsino@ambest.comorChristopher Sharkey, +1 908-439-2200, ext. 5159Manager, Public Relationschristopher.sharkey@ambest.comorJim Peavy, +1 908-439-2200, ext. 5644Director, Public Relationsjames.peavy@ambest.com
1 Year American Chart |
1 Month American Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
