Feb
03

Carl Icahn renews call for AIG breakup

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Carl Icahn on Tuesday renewed his call to break up insurance giant American International Group, sending shares higher in premarket trading.

AIG’s stock rose more than 1 percent immediately following the report.(Get the latest quote here.)

In a letter to shareholders, the billionaire activist investor said: “It is abundantly clear to me there is only one sensible path for AIG to follow: become a smaller, simpler company,” on a path toward eventually becoming a non-systemically important financial institution (SIFI)…

Carl Icahn renews call for AIG breakup

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