US - Shareholders of American General Corporation have overwhelmingly voted to approve the merger agreement with American International Group (AIG).
Under the terms of the agreement announced on May 11, 2001, American General shareholders will receive $46 per American General share in AIG common stock subject to a collar (point where circuit breaker is tripped) mechanism. A number of regulatory approvals have already been received and all remaining approvals are expected in August, with the transaction expected to close as soon as possible thereafter. American General's quarterly cash dividend of $.24 per common share will be paid September 1, 2001, to holders of record as of August 9, 2001. This will represent the 291st consecutive and final quarterly common dividend paid by American General.
By Janet Du Chenne
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.