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Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

Billionaire Investor Carl Icahn Giving Up on AIG Breakup

Billionaire investor Carl Icahn is easing his demand that insurance giant American International Group (AIG) breakup after the company sold assets and hired a new CEO, sources told Reuters.

Icahn is AIG's third largest investor with a 4.95% stake as of March 31. The billionaire now wants the insurer's new CEO Brian Duperreault to have a chance to increase AIG's return on equity.

Icahn had previously called for the company's breakup to make it more successful. Former CEO Peter Hancock...


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