American International Group Inc. has received the consent of MetLife Inc. to offer for sale some of the securities AIG received in exchange for its ALICO unit.
In March 2010, MetLife purchased ALICO from AIG in exchange for $7.2 billion in cash and $9 billion in preferred and common stock. The sale, which closed on Nov. 1, 2010, required AIG to hold the securities for prescribed minimum holding periods of at least nine months from the date of closing.
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