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American Express Company Message Board

  • Novalis_97 Novalis_97 Apr 26, 1998 10:35 PM Flag

    AXP-AIG merger news

    Sunday April 26, 4:28 am Eastern Time

    PRESS DIGEST - British Sunday business - April 26

    -- AMEX HOLD MERGER TALKS WITH AIG American Express Co (AXP - news) is believed to be in merger discussions with American
    International Group (AIG), the American insurer, to create a new financial services giant. American Express is valued at $47.9bn and AIG
    at $96.7bn. If the deal goes through the company will be one of the world's largest. Harvey Golub, chief executive at American
    Express, is known to have held extensive discussions with Citicorp last year but the talks broke down over the allocation of top
    jobs. American Express has achieved major comeback success under Golub.

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