AIG Dumps $500M Blackstone Stake
The bailed-out insurer, majority owned by the U.S. government, divested itself of the Blackstone shares before the market opened Friday, an unnamed source told the Wall Street Journal.
AIG's Blackstone investment dates back to July 1998, when the company committed $1.35 billion to the private equity firm. In connection with the agreement, AIG paid...
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