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Archive Home > 2009 > June > 26 > AIG moves to spin off 2 units, reduce debt

AIG moves to spin off 2 units, reduce debt


June 26, 2009

NEW YORK — American International Group Inc. said Thursday it will reduce outstanding federal loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant. AIG is placing two life insurance subsidiaries — American....

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