Two of American International Group (AIG)’s most prominent activist investors have changed their holdings in the insurance giant days after their representatives were voted onto the company’s board.
Carl Icahn has raised his stake in AIG by 5.2 percent to 44.4 million shares, putting him in a better position to pressure the insurer to split into three independent companies.
In February, AIG agreed to add Samuel Merksamer, a managing director at Icahn Capital, to its board, following mounting tensions between…Read more at The Insurance Insider