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UBS To Buy AIG Commodity Index Business
Written by IndexUniverse Staff   
Tuesday, 20 January 2009 01:25

 

UBS Investment Bank announced yesterday that it has entered into a binding agreement to purchase the commodity index business of AIG Financial Products Corp., including AIG's rights to the DJ-AIG Commodity Index, which is used as the benchmark for a number of broad commodity ETFs. 

The purchase price for the transaction is $15 million, payable upon closing, and additional payments of up to $135 million over the following 18 months based upon future earnings of the purchased business. The closing is subject to a number of regulatory and other conditions. No assurances can be given that any such conditions will be satisfied.

The transaction is expected to close by May 2009.

More on this topic (What's this?)
Dividend Cuts could be spreading to commodities companies (Dividend Growth Investor, 12/9/08)
These Three Commodities Are Set to Move… Are You Ready to Profit? (Investment U, 8/24/09)
The Truth About UBS vs. IRS that You Won’t Find in the Newspaper Headlines (Contrarian Profits, 8/21/09)
AIG: Hearings Present Evidence That Management Disguised Losses (naked capitalism, 10/7/08)
Read more on Commodities, American International Group, UBS AG at Wikinvest
 

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