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In 2010, Platter would find himself again living through one of the key transactions in the aftermath of AIG’s bailout through which the US government sought to recover some of the billions expended to save the US insurance company and the financial system: the $16.2 billion sale of AIG’s international subsidiary American Life Insurance Co (Alico) to MetLife. As on the sale of the much larger AIA (see Asia deals of the year section), so too with Alico, AIG pursued a twin-track approach. It would sell the companies in whatever way realized the best value, either through an M&A disposal to a trade or financial buyer, or though an IPO on the stock market. AIA famously began preparations for an IPO until AIG accepted a $35 billion bid from Prudential.