UPDATE: Treasury to Offer All Its Remaining Shares of AIG
Today, the U.S. Department of the Treasury announced that it has launched an underwritten public offering for all of its remaining 234,169,156 shares of American International Group, Inc. (NYSE: AIG) common stock.
If the offering is completed, Treasury would continue to hold warrants to purchase AIG's common stock that were also issued as part of AIG's participation in Treasury programs.
BofA Merrill Lynch, Citigroup, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC have been retained as joint bookrunners for the offering.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.