AIG Will Keep Deposit on International Lease Finance Corporation ...

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American International Group Inc. (NYSE:AIG): Current price $48.05

AIG executives said Friday that if its $4.2 billion deal with Chinese investors falls through, it intends to keep the 10 percent deposit the group made when it decided to acquire International Lease Finance Corp.?In a second-quarter earnings call, AIG Chief Financial Officer David Herzog said of the company?s plans to keep the money,??It is not a break-up fee, We?ll pursue our rights under the terms of the contract,? Bloomberg?reports.?The group of Chinese investors has now?missed three deadlines, the most recent being this week, to?finalize the purchase.

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