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 It seems that reports of the death of negotiations between American International Group Inc. (NYSE:AIG) and bidders for its asset management arm may be premature.
A new bidder has joined a consortium, led by private equity firm Crestview Partners LP and Hong Kong investor Richard Li, in a bid that's expected to culminate in a deal valued between $300 million and $400 million. Sources indicate that, rather than derailing talks, Franklin Templeton Investments' exit from the process, first reported by The Wall Street Journal, seems to have sped it up. Read the whole story in The Deal Pipeline (subscription required). - Vipal Monga Also see: AIG Investment bidder drops out
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