Price Negotiations Stall Prudential-AIG Deal

from National Public Radio

The U.S. insurance giant AIG is still trying to sell its Asian life insurance unit. AIG says the sale would be a major step toward paying back the federal government for at least part of the huge bailout it received. The British financial services company Prudential had agreed to a $35 billion deal but was forced back to negotiations after investors balked at the price tag.

Broadcast Dates

• Morning Edition, May 31, 2010