AIG (AIG) Misses Q4 EPS by 19c; Raises Buyback to $5B, Announces Dividend Increase
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AIG Board of Directors Authorizes Repurchase of Additional Shares of AIG Common Stock, Declares Increased Common Stock Dividend
February 11, 2016 4:15 PM ESTNEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced the following actions taken by its Board of Directors:
Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5.0 billion. During 2015, AIG repurchased approximately $10.7 billion of shares of AIG Common Stock, pursuant to prior authorizations from the Board of Directors. AIG made additional repurchases of approximately $2.5 billion through February 11, 2016. AIGs aggregate remaining share repurchase authorization, inclusive of todays announced $5.0 billion authorization, is approximately $5.8 billion.... MoreAIG Announces Expansion of Board of Directors and Nominates Two New Directors
February 11, 2016 4:15 PM ESTNEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) said today that its Board of Directors has agreed to expand the size of the AIG Board from 14 seats to 16 seats.
The Board will nominate its existing Board of Directors, as well as John Paulson, President of Paulson & Co., and Samuel Merksamer, a Managing Director of Icahn Capital LP, as the slate of directors to be included in AIGs proxy statement for election at the 2016 AIG Annual Meeting of Shareholders.
Douglas M. Steenland, AIG Chairman of the Board, said:... More
