In June, the board of American International Group rejected a $30 billion offer by Prudential PLC for AIG’s Asian Insurance unit. The decision came just after Prudential shareholders nixed the British insurer’s $35 billion bid for Hong Kong-based AIA.

It was back to the drawing board for John Vasily of Debevoise & Plimpton, who had been trying to sell off AIA and pull it out of AIG’s portfolio since the troubled insurer received federal bailout money in September 2008.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]