Brief: American Financial Group And American International Group Reach Agreement For AFG's Purchase Of Crop Risk Services From AIG

American Financial

02/05/2023 22:39

May 2 (Reuters) - American Financial Group Inc  AFG.N :
    * AMERICAN FINANCIAL GROUP AND AMERICAN INTERNATIONAL GROUP
REACH
AGREEMENT FOR AFG’S PURCHASE OF CROP RISK SERVICES FROM AIG
    * AMERICAN FINANCIAL GROUP INC - UNDER TERMS OF TRANSACTION,
AFG
WILL PAY AIG $240 MILLION IN CASH AT CLOSING
    * AMERICAN FINANCIAL GROUP INC - AFG EXPECTS TO USE CASH ON
HAND
TO FUND ACQUISITION AND PARTIES ANTICIPATE CLOSING TO TAKE PLACE
DURING Q3 OF 2023
    * AMERICAN FINANCIAL GROUP - AS PART OF AFG ORGANIZATION,
CROP
RISK SERVICES TO CONTINUE TO DO BUSINESS IN ALL 37 STATES IN
WHICH IT CURRENTLY OPERATES

Source text for Eikon:  ID:nBw56nVL3a 
Further company coverage:  AFG.N 

 ((Reuters.Briefs@thomsonreuters.com;))