American Financial Group Announces Agreement to Sell New York Assets
14 8월 2006 - 11:20PM
PR Newswire (US)
CINCINNATI, Aug. 14 /PRNewswire-FirstCall/ -- American Financial
Group, Inc. (NYSE:AFG) Nasdaq today announced that it has reached
an agreement to sell certain of its New York real estate assets.
The sale is expected to close late in the third quarter or in the
fourth quarter of 2006, subject to customary conditions. AFG
expects to record an after-tax gain of approximately $29 million
($.36 per share) after transaction costs. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO) Through
the operations of the Great American Insurance Group, AFG is
engaged primarily in property and casualty insurance, focusing on
specialized commercial products for businesses, and in the sale of
retirement annuities and supplemental insurance products. This
press release contains certain statements that may be deemed to be
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements in this press release not
dealing with historical results are forward-looking and are based
on estimates, assumptions and projections. Examples of such
forward-looking statements include statements relating to: the
Company's expectations concerning the completion of the
transaction, the amount of gain to be realized and transaction
costs to be incurred. Actual results could differ materially from
those expected by AFG.
http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO
http://photoarchive.ap.org/ DATASOURCE: American Financial Group,
Inc. CONTACT: Anne N. Watson, Vice President-Investor Relations of
American Financial Group, Inc., +1-513-579-6652 Web site:
http://www.afginc.com/ http://www.greatamericaninsurance.com/
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