NU Online News Service, Dec.17, 12:00 p.m. EST
PineBridge Investments, the renamed American International Group unit, has delayed its $500 million sale to Pacific Century Group for a month to provide more information to clients, a spokesman said.
Ryan O'Keefe, speaking for the New York-based firm, said the company's executive committee decided to seek the maximum level of client consent for the sale, which required more time to provide the needed information.
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