AIG Announces Completion of the US Department of the Treasury Offering of AIG Common Stock
American International Group (NYSE: AIG) announced today the completion of a registered public offering (the “Offering”) of 188,524,590 shares of AIG common stock, par value $2.50 per share (“AIG Common Stock”) by the U.S. Department of the Treasury (“Treasury”) as the selling shareholder. The number of shares sold in the Offering included 24,590,164 shares sold pursuant to the exercise in full of the underwriters' option to purchase additional shares of AIG Common Stock to cover over-allotments. AIG purchased 98,360,656 shares of AIG Common Stock in the Offering at the public offering price of $30.50 per share for an aggregate purchase amount of approximately $3.0 billion. Treasury received proceeds of approximately $5.75 billion from the sale of AIG Common Stock in the Offering.
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