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Fly News Breaks for January 22, 2018
VR, AIG
Jan 22, 2018 | 08:40 EDT
Wells Fargo analyst Elyse Greenspan said that AIG (AIG) shares may initially trade down given that buying Validus (VR) brings reinsurance exposure. However, if so, she would be a buyer of AIG, she said, preferring to focus on the accretion from the transaction and the fact that AIG will still have excess capital following this deal. Greenspan maintains her Outperform rating on AIG shares, which are down fractionally in pre-market trading.
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