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.