AIG finalizes minority stakes in Convex and Onex

AIG finalizes minority stakes in Convex and Onex

American International Group (AIG) has completed minority investments in Convex Group and Onex Corporation, concluding transactions announced in October. Under the agreements, AIG purchased approximately 35% of Convex for approximately $2.1 billion and acquired a 9.9% stake in Onex for approximately $642 million. The Convex deal leaves Onex as the majority owner with a 63%…

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