AIG sees $30 billion for Asian unit too low: source

NEW YORK (BestGrowthStock) – American International Group Inc (AIG.N: ) believes $30 billion for its Asian unit, AIA is too low, and the U.S. insurer is not in a rush to do a deal, a source familiar with the matter said late on Friday.

AIG believes it has many options for AIA, the source said. AIG views AIA as a “valuable property” and does not want to sacrifice value, the source said.

Prudential Plc (PRU.L: ) has entered talks to cut its $35.5 billion offer for AIG’s (AIG.N: ) Asian life insurance arm, in a last-ditch bid to salvage a deal criticized by shareholders as too expensive.

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(Reporting by Ilaina Jonas; editing by Bill Tarrant)

AIG sees $30 billion for Asian unit too low: source