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NortonLifeLock, Allstate fall; US Bancorp, Celanese rise
Stocks that traded heavily or had substantial price changes Thursday: NortonLifeLock, Allstate fall; US Bancorp, Celanese rise
ByThe Associated Press
• 1 min read
American International Group Inc., up $1.66 to $48.07.
The insurance company is selling a 9.9% stake in its Life & Retirement business to Blackstone for $2.2 Billion.
NortonLifeLock Inc., down $1.05 to $25.86.
The cybersecurity company is considering buying Avast.
United Community Banks Inc., up 9 cents to $30.79.
The bank is buying Reliant Bancorp for about $517 billion in an all-stock deal.
Progressive Corp., down $2.50 to $94.95.
The insurer reported disappointing second-quarter earnings.
El fondo estadounidense
llegó a un acuerdo para adquirir, por US$ 2,200 millones, un 9.9% del negocio de seguros y pensiones de jubilación de American International Group (AIG), informó la compañía.
La operación, que supone un importante paso en los esfuerzos de Blackstone por adentrarse en el sector asegurador, también implica que la empresa manejará inicialmente US$ 50,000 millones en activos, que en los próximos 6 años pasarán a convertirse en US$ 100,000 millones de este sector de AIG que cuenta con un total de US$ 200,000 millones en activos.
AIG, un conglomerado global de seguros, se prepara para convertir esta división de pensiones de jubilación en una empresa independiente, para que la matriz pueda centrarse en seguros de propiedades y de accidentes, algo que anunció el pasado mes de octubre, apuntó el
AIG, Blackstone ink $2.2 billion deal for life and retirement unit
Bloomberg
Blackstone Group is acquiring a 9.9% equity stake in American International Group s Life & Retirement business for $2.2 billion in a multipronged all-cash transaction that includes the firm managing an initial $50 billion of the business unit s assets, said a joint news release issued Wednesday .
In October, AIG announced a plan to spin off its Life & Retirement unit into an independent company.
Under the terms of the transaction, Blackstone will begin managing the initial sum upon the transaction s closing, which is expected by the end of the third quarter. Over the next six years, the assets managed by Blackstone would increase to $92.5 billion.
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