(EMAILWIRE.COM, March 16, 2010 ) Dallas, TX - American International Group, Inc. (NYSE:AIG) added 0.70% to $34.56 after it announced that it has closed the previously announced secondary public offering of 8,466,693 shares of Transatlantic Holdings, Inc. (TRH) common stock owned by American Home Assurance Company (AHAC), a subsidiary of AIG, for aggregate gross proceeds of approximately $452 million. As previously announced, TRH purchased two million of the shares owned by AHAC in the offering. Goldman, Sachs & Co., Wells Fargo Securities and BofA Merrill Lynch served as the underwriters of the offering. The underwriters have a 30-day option, exercisable until April 8, 2010, to purchase up to an additional 725,969 shares, the remaining TRH shares held by AHAC.
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Genworth Financial, Inc. (NYSE:GNW) surged 2.44% to $16.34. The stock has a 52-week range of $1.41-$16.77. So far in this year the stock went up over 40%.
Conseco, Inc. (NYSE:CNO) advanced 4.04% and is trading at $6.48. The stock has a 52-week range of $0.30-$7.04. So far in this year the stock went up over 28%.
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