Treasury to Sell $6 Billion of AIG Shares to Cut Bailout Stake
"AIG plans to purchase as much as $3 billion of the sale, the Treasury said yesterday in a statement. Shares are being offered at $29 apiece and the books are still open, according to two people familiar with the matter who declined to be identified because the process is private. The department sold 200 million shares of New York-based AIG in May -- also at $29 each -- cutting its stake to 77 percent."
3/8/2012 8:22 PM
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