Treasury prices $5B sale of AIG stock

WASHINGTON (Reuters) - The U.S.

Linus Wilson submits:AIG (AIG) had a big bounce after private investors agreed to replace government loans.

Trefis submits: During the past month, American International Group (NYSE:AIG) experienced a near 10% drop in its stock price after announcing that it would sell down some of the government’s stake. One hundred million shares were issued and sold by the company and another 200 million by the US Department of Treasury for total proceeds of $8.7 billion. AIG did not receive any of the proceeds from that sale.

WASHINGTON (Reuters) - The Treasury Department said on Monday it expects to raise an additional $750

With the proceeds from the stock sale, the government would have about $25 billion in taxpayer money still invested in AIG.WASHINGTON — The Treasury Department continued to wind down its stake in bailed-out insurance giant American International Group Inc.

By Shane Blackmon: American International Group (AIG) is set to report earnings on August 2nd, 2012. The company is reemerging from the U.S. government bailout they received in 2008. The government has sold two chunks of stock so far this year, and the only major ownership in AIG that the government has left is 1.06B shares of common stock, worth $30 billion.

The US government and AIG announced a plan on Wednesday to sell around $9 billion worth of shares in the bailed-out insurance giant, speeding the firm back toward private ownership.The treasury will sell 200 million shares and AIG 100 million shares for a total of $8.9 billion based on current market value.The sale will be smaller than some reports had suggested. AIG's current low stock price appeared to have played a role. It is currently hovering near yearly lows at $29.62 a share.