Treasury Announces Pricing of 206.9M Share Offering of AIG Common Stock at $29.00
The U.S. Department of the Treasury announced that it has agreed to sell 206,896,552 shares of its American International Group (NYSE: AIG) common stock at $29.00 per share. The aggregate proceeds to Treasury from the common stock offering are expected to be approximately $6.0 billion.
As part of Treasury's common stock offering, AIG agreed to purchase 103,448,276 shares at the offering price of $29.00 per share – representing $3.0 billion of Treasury's expected proceeds from the sale.
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