End of AIG era

HONG KONG: US insurance company AIG sold its remaining stake in Asian life insurer AIA Group for $6.4 billion, the Hong Kong based-company said Tuesday. 

American International Group Ltd. has sold nearly 1.65 billion shares, which shows AIG's remaining stake of approximately 14%, at 30.30 Hong Kong dollars ($3.90) each, AIA Group Ltd. said in a statement to the Hong Kong stock exchange. 
The selling price was a 4.3% discount to Friday's closing price of Hong Kong $31.65. 

The biggest call ever in market

It has been confirmed that a deal is set between British Prudential and AIG's Asian Life Insurance,
to make the insurer the undisputed leader in one of the world's fastest-growing financial services markets.
The acquisition will be the biggest call ever; will be financed in part by a $20 billion equity capital raising.
At $20 billion, the rights issue would rank as one of the largest cash calls in the world to date, nearly equaling Pru's current market value of $23 billion.