AIG (AIG) Misses Q4 EPS by 19c; Raises Buyback to $5B, Announces Dividend Increase
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Go back to AIG (AIG) Misses Q4 EPS by 19c; Raises Buyback to $5B, Announces Dividend Increase
February 11, 2016 4:15 PM EST
NEW YORK--(BUSINESS WIRE)--
American International Group, Inc. (NYSE: AIG) today announced the
following actions taken by its Board of Directors:
Authorized the repurchase of additional shares of AIG Common Stock
with an aggregate purchase price of up to $5.0 billion. During 2015,
AIG repurchased approximately $10.7 billion of shares of AIG Common
Stock, pursuant to prior authorizations from the Board of Directors.
AIG made additional repurchases of approximately $2.5 billion through
February 11, 2016. AIGs aggregate remaining share repurchase
authorization, inclusive of todays announced $5.0 billion
authorization, is approximately $5.8 billion....
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February 11, 2016 4:15 PM EST
NEW YORK--(BUSINESS WIRE)--
American International Group, Inc. (NYSE: AIG) said today that its Board
of Directors has agreed to expand the size of the AIG Board from 14
seats to 16 seats.
The Board will nominate its existing Board of Directors, as well as John
Paulson, President of Paulson & Co., and Samuel Merksamer, a Managing
Director of Icahn Capital LP, as the slate of directors to be included
in AIGs proxy statement for election at the 2016 AIG Annual Meeting of
Shareholders.
Douglas M. Steenland, AIG Chairman of the Board, said:... More
