AIG sells Alico unit to MetLife for $15.5 billion

[NJmaverick]

CHARLOTTE, N.C. – American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.
It was the second major deal AIG completed this month to raise cash. On March 1, AIG agreed to sell Asia-based life insurer, AIA Group, to Britain's Prudential PLC for $35.5 billion.
MetLife will get a much larger presence in Japan as well as high-growth markets in Europe, the Middle East and Latin America. American Life Insurance Co., or Alico, operates in more than 50 countries. rose $1.35, or 4.8 percent, to $29.43
AIG's shares jumped 5 percent, or $1.35, to $29.43 early Monday. MetLife shares rose by a similar percentage to $40.74

http://news.yahoo.com/s/ap/20100308/ap_on_bi_ge/us_aig_alico_sale;_ylt=AlOBOwVq93cOmRQP5Yu5nr.yBhIF;_ylu=X3oDMTJpdGIzaTU2BGFzc2V0A2FwLzIwMTAwMzA4L3VzX2FpZ19hbGljb19zYWxlBGNwb3MDMQRwb3MDMgRzZWMDeW5fdG9wX3N0b3J5BHNsawNhaWdzZWxsc2FsaWM-

Looks like the taxpayers will be getting more of their money back.