American International Group shares are trading higher after the company announced it will sell Validus Re to RenaissanceRe for $2.985 billion.
Portfolio Pulse from Benzinga Newsdesk
American International Group (AIG) is selling its subsidiary Validus Re to RenaissanceRe for $2.985 billion, causing AIG shares to trade higher.
May 23, 2023 | 3:12 pm
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AIG's stock price is trading higher after announcing the sale of Validus Re to RenaissanceRe for $2.985 billion.
The sale of Validus Re to RenaissanceRe for $2.985 billion is a significant transaction for AIG, which is likely to have a positive impact on its stock price in the short term. The news has already caused AIG shares to trade higher, indicating that investors view the deal positively.
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IMPORTANCE 80
RELEVANCE 100