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.


© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved