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Blackstone to acquire stake in AIG's Life & Retirement in $2.2B deal

Insurance Giant AIG Asking Gov"t To Alter Bailout Conditions
Mario Tama/Getty Images News

  • Blackstone (NYSE:BX) agrees to acquire a 9.9% equity stake in American International Group's (NYSE:AIG) Life & Retirement business for $2.2B in cash.
  • AIG also agrees to enter into a long-term strategic asset management relationship with

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