AIG Adopts Poison Pill to Preserve $65 Billion NOL

AIG, like GM and Citigroup before it, has adopted a poison pill to preserve its $65 billion NOL by ensuring that no investor acquires a 5% stake and triggers the change of ownership rules.

• AIG SEC Form 8-K
• AIG Tax Asset Protection Plan
• M&A Law Prof Blog
• Reuters
• Wall Street Journal