May 16 (Reuters) - American International Group Inc ( AIG )

:

* AIG ANNOUNCES SALE OF A 20% OWNERSHIP STAKE OF COREBRIDGE

TO

NIPPON LIFE

* AIG: PROPOSED DEAL FOR FOR $31.47 PER SHARE, FOR AN

AGGREGATE

PURCHASE PRICE OF $3.8 BILLION

* AIG: AGREED TO MAINTAIN A 9.9% OWNERSHIP STAKE IN

COREBRIDGE FOR

TWO YEARS AFTER CLOSING

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