Value Investing

AIG Calls A Time Out For January 26

Thanks to pressure from activist investor Carl Icahn, AIG (NYSE: AIG) is on its toes. The company is calling a meeting for Jan. 26 where it will make a presentation to better outline its vision and plans to the public.

The company has rebuffed Icahn’s calls for a breakup. The meeting comes after Icahn alluded to plans to wage a proxy battle to get board representation – in particular, looking for a director that would be willing to take over for current CEO Hancock where Icahn would hope to overthrow him. The presentation will be live via the web at 8 a.m. EST.

Note the 4Q earnings will come out on Feb. 11.

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Carl Icahn American International Group AIG
Via S&P CapIQ