8-KOther Events

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report (Aug 29, 2001)

Filed August 29, 2001For Securities:AIG

Summary

This 8-K filing by AMERICAN INTERNATIONAL GROUP, INC. (AIG) on August 29, 2001, primarily announces the successful completion of its merger with American General Corporation. AIG, through its subsidiary Washington Acquisition Corporation, has acquired American General, integrating it as a wholly owned subsidiary. This strategic move significantly expands AIG's operations and market presence, particularly in the insurance sector. Investors should note that the merger involved the issuance of approximately 311 million shares of AIG common stock. The filing also incorporates by reference extensive financial information for American General, including its annual financial statements for the years ended December 31, 2000, 1999, and 1998, as well as its quarterly financial statements for the period ended June 30, 2001. Additionally, pro forma financial information reflecting the combined entities is available, providing a comprehensive view of the transaction's financial implications.

Key Highlights

  • 1Completion of the merger between AIG and American General Corporation, effective August 29, 2001.
  • 2American General is now a wholly owned subsidiary of AIG.
  • 3Approximately 311 million shares of AIG common stock were issued in connection with the merger.
  • 4The filing includes the Agreement and Plan of Merger as an exhibit.
  • 5Incorporates by reference American General's historical financial statements (2000, 1999, 1998 annual and Q2 2001 quarterly).
  • 6Pro forma financial information for the combined entity is available via reference to AIG's Form S-4 filing.

Frequently Asked Questions

This filing formally announces the completion of the merger between American International Group, Inc. (AIG) and American General Corporation, confirming that American General has become a wholly owned subsidiary of AIG.

The merger resulted in the issuance of approximately 311 million shares of AIG common stock to American General shareholders. This consolidates American General's business into AIG, potentially leading to synergies and an expanded market position for AIG.

The filing incorporates by reference American General's detailed financial statements from its Annual Report to Shareholders for the years ended December 31, 2000, 1999, and 1998, as well as its Quarterly Report for the period ended June 30, 2001. Pro forma financials for the combined entity are also available.

Each share of American General common stock outstanding immediately prior to the merger was converted into the right to receive 0.5790 of a share of AIG common stock, with cash paid for any fractional shares.