HALISTER: AIG Seeks Up to $1.27b From Sale of PICC P&C Shares: Terms

AIG Seeks Up to $1.27b From Sale of PICC P&C Shares: Terms

(Bloomberg) -- AIG offers 740m shrs in PICC Property & Casualty at HK$13.06 – HK$13.35 apiece, according to terms of the deal obtained by Bloomberg News.
  • Price range indicates 8% to 6% discount to April 29 close: terms
  • Morgan Stanley among banks arranging sale: terms
  • AIG subject to 60-day lockup on its remaining stake: terms
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AIG US (American International Group Inc)
2328 HK (PICC Property & Casualty Co Ltd)

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