Market Overview

UPDATE: Treasury to Offer All Its Remaining Shares of AIG

Related AIG
After-Hours Management Shake Ups At Oracle, AIG, JetBlue, and Clorox
AIG Will Form New Operating Committee, Leadership Structure
Jettisoned from Wall Street, Cohen Plots Comeback Bid (Fox Business)

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.

Posted-In: News

 

Related Articles (AIG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters