Notable Mergers and Acquisitions of the Day 1/13: C/MS, AIG, ELN
More News related to AIG
- NYSE Corrects Web Notice Regarding AIG
- AIG Completes Sale of 21st Century Insurance to Zurich Financial Services Group Unit
- AIG in Agreement to Sell Its Consumer Finance Operations in Colombia
- American International Group (AIG) Completes 1-for-20 Reverse Stock Split
- Alico Announces Rebranding Initiative
More News related to C
- Citi (C) And GE (GE) Couldn't Agree Over Price In An Effort To Sell Its Credit Card Business
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Lear Reaches Agreement In Principle On Consensual Debt Restructuring
- Citi (C) Raising Credit Card Rates On Millions
- Active equity option families in first 30 minutes of trading according to Track Data are: ELN INTC C F.
More News related to ELN
- Unusual 11 Mid-Day Movers 7/2: NAVI, AVNR, ESLR, ELN Higher; DSCO, SEPR, TIVO, ILMN Lower
- Notable Mergers and Acquisitions of the Day 7/2: JNJ/ELN, FCSX/IAAC, LSTR
- Morning Movers 7/2: ELN, QUIK, ESLR Higher; DSCO, LEA, SEPR, ILMN, MANH Lower
- ELN, QSFT, SCMP, ESLR, ENER See Volume and Upside Price Action
- Elan Corp (ELN) over all volatility at 86 into JNJ $1B deal, ELN shares up 18%
- Citi (NYSE: C) confirmed that the company is in discussions with Morgan Stanley (NYSE: MS) concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley.
Citi said no definitive agreement has been reached, and no assurance can be given that any such agreement will be reached. Beyond this statement, Citi has no further comment at this time.
- American International Group, Inc. (NYSE: AIG) announced today an agreement to sell AIG Life Insurance Company of Canada to BMO Financial Group.
Under the terms of the transaction, BMO will acquire AIG Life of Canada for approximately C$375 million (or approximately US $308 million) in cash, subject to any change in net worth between September 30, 2008 and closing.
The transaction, which is expected to close by June 1, 2009, is subject to certain conditions, including approvals by the appropriate regulatory authorities.
- Elan Corporation, plc (NYSE: ELN) said its Board of Directors has engaged Citigroup Global Markets Inc. to conduct, in conjunction with executive management and other external advisors, a review of the Company's strategic alternatives.
Elan said the goal is to secure access to the necessary financial resources and commercial infrastructure to allow Elan to accelerate the development and commercialization of its extensive pipeline and product portfolio while maximizing the ability of its shareholders to participate in the resulting longer term value creation. The range of alternatives that will be assessed could include minority investment or strategic alliance, a merger or sale.
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