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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 9, 1998
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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
AMERICAN BANKERS INSURANCE GROUP, INC.
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(Name of Registrant as Specified in Its Charter)
CENDANT CORPORATION
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transactions:
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(5) Total fee paid.
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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ARIZONA HEARING ON AIG-AMERICAN BANKERS MERGER
-- Put Off Due to Deficient Notice --
STAMFORD, CT AND PARSIPPANY, NJ, March 9, 1998 -- The hearing convened
on Friday, March 6 by the Arizona Office of Administrative Hearing on the
merits of the Form A filing made by American International Group Inc.
(NYSE: AIG) will be continued to March 26th and March 27th, it was announced
today by Cendant Corporation.
The Administrative Law Judge for the proceeding issued the continuation
because he found that the notice given to the Class B shareholders of Condeaux
Life Insurance Company, a controlled subsidiary of American Bankers Insurance
Group (NYSE: ABI), was deficient.
Consistent with Cendant's position on the need for a continuation, the
Administrative Law Judge ruled that Condeaux Life's Class B shareholders must
be given proper notification of the continuation date, and be sent certain
materials regarding the hearing, as well as AIG's Form A filing, so that
shareholders possess the required information well in advance of the meeting.
Cendant (NYSE: CD) is the world's premier provider of consumer and
business services. With a market capitalization in excess of $30 billion, it
ranks among the 100 largest U.S. corporations. Cendant operates in three
principal segments: Membership, Travel and Real Estate Services. In Membership
Services, Cendant provides access to travel, shopping, auto, dining, and other
services through more than 66.5 million memberships worldwide. In Travel
Services, Cendant is the leading franchisor of hotels and rental car agencies
worldwide, the premier provider of vacation exchange services and the second
largest fleet management company. In Real Estate Services, Cendant is the
world's premier franchisor of residential real estate brokerage offices, a
major provider of mortgage services to consumers and a global leader in
corporate employee relocation. Headquartered in Stamford, CT and Parsippany,
NJ, the Company has more than 35,000 employees, operates in over 100 countries
and makes approximately 100 million customer contacts annually.
INVESTOR CONTACT: MEDIA CONTACT: OR:
Laura P. Hamilton Elliot Bloom Jim Fingeroth/Roanne Kulakoff
Senior Vice President Vice President Kekst and Company
Corporate Communications Public Relations
and Investor Relations (973)496-8414 (212)521-4800
(203)965-5114
