Tags: treasury | aig | stake | sell

Treasury to Sell $2.7 Billion More of AIG to Cut Stake to 16%

Tuesday, 11 Sep 2012 03:11 PM

The Treasury Department will sell an additional $2.7 billion of American International Group Inc. shares, cutting the government's stake in the bailed-out insurer to about 16 percent, the department said Tuesday in a statement.

Underwriters on a public offering announced Sunday of $18 billion of AIG shares exercised their full over-allotment option, Treasury said in an e-mailed statement.

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