Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, December 18, 2012

Deals of the day -- mergers and acquisitions, (NYSE: AIG)

The following bids, mergers, acquisitions and disposals were reported by 1055 GMT on Tuesday: ** American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.** Gulf carrier Etihad is buying a 70 percent stake in Air Berlin's frequent-flyer programme as the German airline seeks to cut costs and pay down debt.

American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries. Shares of AIG remained unchanged at $34.95. In the past year, the shares have traded as low as $22.70 and as high as $37.67. On average, 25481500 shares of AIG exchange hands on a given day and today's volume is recorded at 53683.