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On March 26, 2010, Bridge Partners, L.P. (“Bridge Partners”), a company owned by Pacific Century Group, the Asia-based private investment group, completed its previously announced acquisition (the “Acquisition”) of a portion of the investment advisory and asset management business, now known as PineBridge Investments, from American International Group, Inc. (“AIG”), pursuant to the Purchase Agreement, dated as of September 5, 2009, between AIG and Bridge Partners. As part of the Acquisition, PineBridge Investments has been acquired by Bridge Partners or an affiliate thereof and its business is no longer owned by AIG and its affiliates. |
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