Both parties are expected to reach a compromise, which would probably be the current $ 35.5 million price reduced to $ 32 million $ 30 million said that these people, who were granted anonymity because the talks are confidential. A shareholder in the business ballot is scheduled for June 7.
A.I.G. Board met on Monday afternoon to discuss accept a lower price, which would be more likely to come from decreased the amount of material to be published. If you agree, a revised transaction could be announced as soon as Tuesday.
Prudential, a British insurer unrelated financial United States, Prudential has said A.I.G. its shareholders would not support the treatment at the current price.
At stake is the largest movement still A.I.G. to pay billions of dollars in government aid. The sale of the unit, the American international assurance or A.I.A., was hit in early March. A.I.G. intends to offer initial drive should the talks fail, but discord on the prospects for an uncertain I.P.O. markets brand.
Two greatest defenders unit sales are the Executive Directors of Prudential and A.I.G.
Prudential boss, Tidjane Thiam, has focused his tenure in brief on the completion of the transaction that would transform the company into a beast in the Asian insurance industry.
Executive Director of the A.I.G., Robert H. Benmosche has garnered praise for its strategy of waiting sell crucial parts of the insurer, instead of on a sale of firearms in their businesses. He argued that sale A.I.A. both would raise more money and provide greater security to pay A.I.G. obligations to the Government.
But already announced, the Prudential treatment has faced many obstacles. In may, the financial regulator in Great Britain, the financial services authority delayed long-awaited issue of rights of Prudential, $ 21 million meaning to finance purchase A.I.A., to test the capital ratios the combined company.
And now several of the main shareholders Prudential have objected to what they have criticized as a Rico price for A.I.A., informed the people on the subject, said. Several of these shareholders have pointed out that it would support the transaction if it significantly reformed.
One large proxy RiskMetrics, advice companies urged investors last week to vote on the transaction. But another, glass, Lewis & Company recommends more later in the week that shareholders approved the agreement.
Andrew Ross Sorkin contributed reporting.
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