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American International Group and its partners appear to be back on track for the completion of their acquisition of three financial units from South Korea’s Hyundai Group. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ suspended its “due diligence” study at the end of October, partially due to the Sept. 11 attacks, but also because the parties had encountered some significant obstacles.

Now ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has resumed its due diligence examination of Hyundai Securities Co. and two investment trusts it manages, and has been given additional time by the Korean financial services authority to complete negotiations, and finalize the $875 million deal by making the investment it agreed to last August.

According to a report by Reuters News Agency, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has dropped its demand for a higher dividend payment on the preferred shares it will acquire, and is in the process of reaching a compromise on their convertibility into common shares. In exchange the reduced share price of 7000 won (around $5.56 a share) will be adhered to, in spite of objections from minority shareholders and Hyundai’s union’s, who have filed suit to force a higher price.

If all goes well, the parties hope to finalize the deal before the end of the year.