American International Group (AIG)
has received bids from MetLife,
Inc., and AXA for its American Life
Insurance Co. unit, according to a
MetLife made an offer of $11.2
billion, but that could drop to $8 billion
because of the unit's "worsening"
condition, Bloomberg reported. The
AXA bid excluded operations in Japan.
If AIG doesn't find a deal at the right
price, it may shelve the sale or issue
shares to the public.