Friday, February 27, 2009

AIG Auction of Auto Insurer Said to Stall as Zurich Withdraws - Bloomberg

AIG Auction of Auto Insurer Said to Stall as Zurich Withdraws

Bloomberg

The auction of 21st Century Insurance, which AIG expected to generate about $2 billion, stalled after the companies couldn’t agree on a price, said one person, who declined to be named because the negotiations were private. ...

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