Entries tagged "spinoffs"
American International Group has apparently decided to resume talks with MetLife to sell its American Life Insurance unit.
A five-year-old effort to press for changes at Citigroup Inc. by a major activist labor union just went into high gear. ...
Rumor had it that Citigroup Inc. was going to start divesting assets as it continues to feel the pain of the credit crisis. While speculation last week surrounded its German business, it turns out the latest to go is apparently benefits service unit CitiStreet LLC, a joint venture with State Street Corp., which will be acquired by Dutch insurer, ING Groep NV for $903 million. ...