#WallStreetTrading #News AIG American International Group, Inc Escrow agent received deposit in ILFC unit sale - filing- On June 5, the Escrow Agent advised American International Group that it had received the Deposit Amount as defined in Clause 2.5 of the Share Purchase Agreement, dated as of December 9, 2012, by and among AIG, AIG Capital Corporation, a wholly-owned direct subsidiary of AIG and the sole shareholder of International Lease Finance Corporation (ILFC), and Jumbo Acquisition Limited, as amended, relating to the sale of up to 90.0% of ILFCs common stock by Seller to Purchaser. Capitalized terms used herein but not otherwise defined shall have the meaning given them in the Share Purchase Agreement. ***Reminder: In December of 2012 AIG reached an agreement to sell up to 90% of International Lease Finance Corporation (ILFC) at $5.28B. On May 31st, the company disclosed that it a deposit was not received by Escrow agent related to share purchase agreement for ILFC unit, prompting some concerns about the state of the deal. - Source TTN
Posted on: Wed, 05 Jun 2013 13:26:21 +0000
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