While Ackman and Loeb battle it out over HLF, the other potentially firework-prone battle has died an ignominious death. The WSJ reports that AIG has generously decided not to bit the Treasury hand that fed it just a few short years ago:
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What kind of thanks does AIG owe the government that bailed it out to the tune of $182 billion? How about a $25 billion lawsuit?
Andrew Wilkinson submits: American International Group, Inc. (AIG) – The insurer’s shares rallied as much as 12.2% today to touch an intraday- and new 3-year high of $60.96 on news the firm secured $4.3 billion in bank credit lines.
Bob Benmosche, the CEO who took over AIG after the financial crisis, has died. In August he announced that he had terminal cancer in an interview with Bloomberg's Betty Liu. He said his cancer "had begun massive mutations" and that now he had nine months to a year left to live.