A.I.G. Moves Closer to Sale of Alico

The American International Group moved closer to the $15 billion sale of a second major life insurance unit on Thursday after the Internal Revenue Service indicated that it would rule favorably on a tax issue that had stymied the deal, people briefed on the matter said.

With the resolution of the tax issue, A.I.G. would be able to wrap up the sale of the unit, the American Life Insurance Company, known as Alico, to MetLife within days, these people said. One of them said a deal could be reached by Sunday evening...

NYT: A.I.G. Moves Closer to Sale of Alico