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American General Shareholders Approve AIG Takeover

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NU Online News Service, Aug. 15, 3:36 p.m. – American General Corp., Houston, says its shareholders voted “overwhelmingly” to approve its plans to merge American International Group Inc., New York.

The actual count was not immediately available.

AIG has agreed to pay American General shareholders AIG common stock with a value of about $46 for each share of American General stock.

American General says it and AIG hope to get all the regulatory approvals they need to complete the deal in August.

The company also says it will pay a regular quarterly cash dividend of 24 cents per common share Sept. 1, to holders of record as of Aug. 9.

“This will represent the 291st consecutive and final quarterly common dividend paid by American General,” the company says.