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American International Group, Inc. Message Board

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  • j0n_48195 j0n_48195 Nov 15, 2012 9:07 AM Flag

    China PICC in talks with AIG, Scor to buy into $4 bln HK IPO -IFR

    Maybe now we're getting some idea why AIG is sitting on $11B in excess capital. They must really believe PICC is a bargain, with even better long term growth prospects, to sit out the last Treasury sale. But if the whole PICC offering is only $4B, AIG must have other plans as well. Sandy should cost them much less than $1B.

    Sentiment: Strong Buy

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