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Everyone in play but AIG, says Janney
Charlie Thomas 2 July 2015
All US carriers could find themselves as acquisition targets, with the exception of commercial giant American International Group (AIG), according to Janney analyst Larry Greenberg.
In a note following yesterday's (1 July) audacious deal by Ace to acquire Chubb, Janney said that with the exception of someone trying to buy AIG "there is not anything we would find shocking any more from an M&A standpoint".
The $28.3bn purchase price and 1.75x multiple, along with the 29 percent dilution to tangible..
Read this article in the "Insurance Insider" Everyone in play...
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