AIG sees $30 bln for Asian unit too low – source

NEW YORK, May 28 (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.

Investment Research

(Reporting by Ilaina Jonas; editing by Bill Tarrant)

AIG sees $30 bln for Asian unit too low – source