[[AIG]] gains 2.5% on news it may sell ILFC in a deal valuing the aircraft leasing unit at $5.5B. It may be less than what the company could fetch in an IPO, but then again, maybe not. In any case, ...
AIG gains 2.5% on news it may sell ILFC in a deal valuing the aircraft leasing unit at $5.5B. It may be less than what the company could fetch in an IPO, but then again, maybe not. In any case, it frees up more cash to repurchase stock at well below book value. Merrill Lynch likes what it hears, ...
Read the rest of this article on SeekingAlpha.com: SA Currents
Related Videos
-
Feinberg: What Held Us BackIf we’re going to lag going forward, it’s not going to be because of what made us lag the last three years, says Davis/Selected American manager Ken Feinberg.
-
The Problem with AIGWith a low price/book value, the reward for AIG stockholders could be attractive, but the franchise has been weakened, says Davis/Selected American manager Ken Feinberg.