AIG's Hancock Raises $751.8 Million Selling PICC P&C SharesBy and
AIG sells 361 million shares of Chinese insurer, retains stake
CEO Hancock says AIG seeks to enhance financial flexibilty
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, raised more than $750 million by selling shares in PICC Property & Casualty Co. after the Chinese company’s stock rebounded.
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