Wilbur Ross Seen As Top Bidder For AIG's Mortgage Insurance Unit
Investor Wilbur Ross is reportedly the leading bidder for mortgage insurer United Guaranty Inc., a unit of American International Group (NYSE: AIG), according to the American Banker. Wilbur Ross's W.L. Ross & Co. owns various mortgage insurance related assets and he could be looking to add this unit into the fold of the various mortgage companies he already owns.
The report said it wasn't known whether Ross is interested in bidding for all or part of the AIG unit or if he has partners for such an offer.
Sign up at EasyStockAlerts.com To Be Alerted To Your Stock News!
Related Categories
Mergers and AcquisitionsRumors
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
