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AIG's Nan Shan Unit Attracts Multiple Buyout Bids

AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.

General Motors Shares Priced at $33 for IPO

After months of anticipation General Motors has priced its stock at $33 a share in its initial public offering slated to begin official trading Thursday in New York. The figure is at the high end of the offer, which in recent days saw its range rise from the initial range of $26 to $29 a share. The Detroit automaker is looking to raise nearly $23 billion through the sale of a combination of both common and preferred shares.

Sara Lee Shares Soar on Reports it Spurned KKR Offer

Food giant Sara Lee saw its shares surge over 18% in premarket trading Monday after the New York Post reported the company turned down a $12 billion buyout offer from private-equity company KKR & Co.), citing unnamed sources.

Potash Rejects BHP Billiton Offer as 'Grossly Inadequate'

Potash Corporation of Saskatchewan Inc. (POT) rejected an offer to be bought by BHP Billiton Limited (BHP), saying it was "grossly inadequate." BHP Billiton offered to pay $130 per share in cash, PotashCorp said in a statement. PotashCorp%u2019s board unanimously rejected the offer. PotashCorp Chairman Dallas Howe sent a letter to Jacques Nasser, chairman of BHP Billiton, saying that the offer fails of reflect the value of PotashCorp%u2019s position in the industry, the value of planned capacity expansions and the value of the company%u2019s equity investments.