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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 2, 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.
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(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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(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
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paid previously. Identify the previous filing by registration statement
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FOR IMMEDIATE RELEASE
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CENDANT SAYS NEW AIG OFFER ACKNOWLEDGES
THAT PAYING FAIR VALUE FOR ABI MUST BE THE OVERRIDING ISSUE
Stamford, CT and Parsippany, NJ, March 2, 1998 -- Henry R. Silverman,
President and Chief Executive Officer of Cendant Corporation, today said,
"AIG's increased offer for American Bankers acknowledges that the overriding
issue is about paying fair and appropriate value to acquire the company.
"We remain committed to the acquisition of ABI and we are evaluating all our
options.
"In matching our offer, despite its prior protestations to the contrary, AIG
has recognized that Cendant is as qualified as AIG to own ABI and would be able
to complete its acquisition, including receiving regulatory approvals, within
the same time frame."
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
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