American International Group Inc (AIG.N)
22 Jan 2018
Jan 22 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:
American International Group Inc on Monday said it would buy reinsurer Validus Holdings Ltd for $5.56 billion in cash, ending a long period of retrenchment for AIG as new Chief Executive Brian Duperreault plots an expansionist path.
* Acquisition is AIG's largest since 2008 financial crisis (Adds comment from AIG CEO, paragraphs 6-8)
* S&P SAYS VALIDUS HOLDINGS RATINGS AFFIRMED; HOLDING CO OUTLOOK REVISED TO NEGATIVE ON ANNOUNCED ACQUISITION BY AIG
BRIEF-AIG Says Validus To Pay Termination Fee Of $162 Mln If Merger Terminated Under Some Conditions
* AIG SAYS IF VALIDUS MERGER TERMINATED, IN SOME CONDITIONS, VALIDUS TO BE REQUIRED TO PAY AIG A TERMINATION FEE OF $162 MLN - SEC FILING
* VALIDUS HOLDINGS LTD - ALL-CASH TRANSACTION OF $68.00 PER VALIDUS SHARE
Jan 22 American International Group on Monday said it would buy reinsurer Validus Holdings for $5.56 billion in cash to strenghten its general insurance business.
DETROIT Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows. | Video
DETROIT, Jan 15 Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.
Jan 15 The Government of Canada said on Monday that it plans to invest C$49 million ($39.41 million) to support an expansion by auto parts maker Linamar Corp.
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