AIG to sell Alico unit to MetLife for $15.5 billion

AIG announced on it would sell its American Life Insurance CO. division for $15.5 billion dollars to MetLife Inc. This transfer would assist AIG in repaying the government for the bailout dollars they received. AIG has been selling assest like this for the last year and a half to repay its debt. This deal alone helped increase AIG's shares from $1.02 to $29.10.