AIG - Totalverlust ?

Far Eastern Bank To Buy AIG Credit Card Operating For NT$2.3 Billion-NT$3 Billion

Wednesday May 20th, 2009 / 18h21

TAIPEI -(Dow Jones)- Far Eastern International Bank's (2845.TW) board approved the purchase of the credit-card operation and accounts receivable of AIG Credit Card Co. (Taiwan) Ltd. for between NT$2.3 billion and NT$3 billion, the Taipei-based bank said late Wednesday.
The acquisition is aimed at expanding Far Eastern International Bank's credit card business and market share, the company said in a filing to the Taiwan Stock Exchange.

Quelle + Volltext: http://www.easybourse.com/bourse-actualite/...for-US0268741073-671598

Übersetzungshilfe: http://translate.google.de/translate_t#

CHICAGO -(Dow Jones)- Whether the New York Fed makes or loses money on its holdings in American International Group Inc.'s (AIG) businesses-some of which are being spun off or sold as IPOs-could hinge on a strong market recovery.

AIG announced in March that it would create special purpose vehicles, or SPVs, to transfer ownership interests in its international life insurance businesses to the New York Federal Reserve in return for forgiveness of much of its debt.

The deal was struck as an alternative to accepting lowball offers from would- be buyers, in a market that made it "much more difficult for companies to raise debt to finance acquisitions," Edward Liddy, AIG's chairman, said in March. Auctions to sell minority stakes in its foreign life insurance operations reportedly failed to generate acceptable bids.

One SPV holds American Life Insurance Co. (ALICO.KA), AIG's international life insurance business. A second SPV consists of American International Assurance Company, Ltd., its life insurer that covers China and other parts of Asia except for Japan. AIG said Monday that it plans an initial public offering of AIA in an Asian stock market in 2010.

The New York Fed will get a minority ownership in the form of preferred equity shares of both SPVs in return for erasing up to $26 billion of AIG debt.

"If we see a normalization and if AIG is able to stabilize, both big ifs, the Fed will recoup their money" in a sale or IPO, said Rob Haines, an analyst with CreditSights Inc., in an interview. "The further you get away from the U.S., the better these business units are doing, but all of them are under pressure."

AIG's biggest asset sale so far, of its U.S. auto insurance business in April, brought in about $1.9 billion, equivalent to the unit's book value, and far less than it had paid for a portion of the business a few years before.

Haines estimated that ALICO and AIA together might be worth around $40 billion today, a 70% discount from their estimated combined market value of $130 billion at the peak of the market. At the estimated value, a 49% stake, for instance, would be worth around $19.6 billion.

Representatives of AIG and the Fed said negotiations over the SPVs were in progress. Neither would say how big a stake the Fed will get and exactly how much debt will be wiped away. The value of the Fed's interest in AIA and ALICO will be "based on valuations acceptable to the" Federal Reserve Bank of New York, AIG's announcement said.

AIG owed the New York Fed about $42.6 billion at the end of April. A concurrent agreement gives the New York Fed securitization notes worth up to $ 8.5 billion backed by AIG's U.S. life insurance businesses.

-By Lavonne Kuykendall, Dow Jones Newswires; 312-750 4141; lavonne.kuykendall@ dowjones.com


Quelle: http://money.cnn.com/news/newsfeeds/articles/...NE000881_FORTUNE5.htm

Übersetzungshilfe: http://translate.google.de/translate_t#

NEW YORK (MarketWatch) -- American International Group Inc. /quotes/comstock/13*!aig/quotes/nls/aig (AIG 1.82, +0.01, +0.55%) is in talks to sell its investment unit for as much as $500 million, according to a published report. Bloomberg news reported Wednesday Franklin Resources Inc. /quotes/comstock/13*!ben/quotes/nls/ben (BEN 62.77, -0.42, -0.67%) , an asset management company, and Crestview Partners LP, a private equity firm, are in negotiations with the troubled insurer to buy its investment management book valued at about $100 billion. Charles Johnson, former Franklin co-President, is advising the two companies, and intends to keep the unit's division head, Win Neuger, should the deal close, the article said

Quelle: http://www.marketwatch.com/story/...-to-sell-investment-unit-business

Übersetzungshilfe: http://translate.google.de/translate_t#

....nimmt langsam Formen an !

...scheint zur Gewohnheit zu werden !

.......wenn nicht, dann Montag!

Meine ganz persönliche Meinung!

......wie beim Tiefststand von März 2009 (also vor dem Split). Dann sollte man wohl zuschlagen, oder ?

du gibst dir ja enorm Mühe( was ich verstehen kann ) günstig hier reinzukommen.
Wie ich aber schon in einem anderen Thread geschrieben habe, liegt mein EK Vorstellung bei € 5,50.
Viel Glück. (  Richtig zocken ist besser als Mau Mau spielen )  

;-)

Ich habe genug an dieser Vebrecherfirma verloren. Ich hab Anspruch auf günstige Verbilligungskurse - jwohl !