Deals
Prudential Financial May Buy Two AIG Japan Insurers, WSJ Says
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Prudential Financial Inc. is close to a deal to buy two Japanese life insurance companies for $4 billion to $5 billion from American International Group Inc., the Wall Street Journal reported.
A sale of AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. will help AIG repay the more than $90 billion it owes to taxpayers, the report said, without saying where it got the information. Mark Herr, an AIG spokesman in New York, and Bob DeFillippo, New York-based spokesman for Prudential, the second-biggest U.S. life insurer, declined to comment.