Market Overview

UPDATE: US Treasury Prices 234.2M Shares of AIG Common Stock at $32.50/Share

American International Group, Inc. (NYSE: AIG) today announced that the
U.S. Department of the Treasury (Treasury) has priced an offering of
approximately 234.2 million shares of AIG common stock at a price to
market of $32.50 per share. Upon the closing of this transaction,
expected this Friday, Treasury will have sold the last of its remaining
shares of AIG common stock, receiving proceeds of approximately $7.6
billion from the sale.

The closing of this transaction will mark the full resolution of
America's financial support of AIG. After the closing of today's
offering, Treasury will continue to hold warrants to purchase
approximately 2.7 million shares of AIG common stock – the sale of which
is expected

See full press release

Posted-In: News Guidance Asset Sales Management

 

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