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AIG — American International News Story

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Brief: AIG Announces Long-Term Strategic Investment In Global Specialty Insurer Convex Group And An Equity Stake In Global Asset Manager Onex Corporation

Oct 30 (Reuters) - American International Group Inc AIG.N:

AIG ANNOUNCES LONG-TERM STRATEGIC INVESTMENT IN TOP-PERFORMING GLOBAL SPECIALTY INSURER CONVEX GROUP AND AN EQUITY STAKE IN GLOBAL ASSET MANAGER ONEX CORPORATION

AIG - TO BUY 35% EQUITY INTEREST IN CONVEX GROUP

AIG - TO BUY 9.9% OWNERSHIP STAKE IN ONEX CORPORATION

AIG - TO INVEST UP TO $2 BILLION IN ONEX FUNDS

AIG - INVESTMENTS EXPECTED TO BE ACCRETIVE TO AIG'S EARNINGS IN THE FIRST YEAR POST CLOSE

Source text: ID:nBw6K9R5a

Further company coverage: AIG.N

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