AIG Amends $2.2B Taiwan Deal In Bid To Speed Sale

Law360, New York (June 11, 2010, 3:24 PM EDT) -- In a bid to save a $2.15 billion deal for American International Group Inc.'s Taiwanese life insurance unit, AIG and a group of buyers headed by Hong Kong-based financial services firm Primus Financial Holdings Ltd. agreed Friday to put about $325 million of the purchase price in escrow to appease Taiwanese regulators.

The troubled insurance giant said the parties would amend the purchase agreement in order to "further assure" that Nan Shan Life Insurance Co. Ltd. — Taiwan's largest life insurer by total book value and...
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