U.S. Treasury To Sell AIG Common Stock - Again

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 U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234.2 million common stock shares in insurer American International Group Inc., better known as AIG.» E-Mail This     » Add to Del.icio.us

Several moments ago, TSLA (hardly) surprised the world when it filed an open-ended S-3 (Shelf) statement, as many had expected it was only a matter of time before the company used the recent surge in its stock price to sell shares. Then, a few moments later, TSLA once again (hardly) surprised the world when it announced a joint $450 million convertible bond and 2.7 million share common stock offering.

WASHINGTON (Reuters) - The U.S.

WASHINGTON (Reuters) - The U.S.

NEW YORK (Reuters) - The U.S. government will sell an additional $2.7 billion in American International Group Inc stock as underwriters of the insurer exercised their over-allotment option, bringing the Treasury Department's total proceeds from the public offering to $20.7 billion. AIG said underwriters of the insurer's $18 billion secondary offering exercised their over-allotment option to buy about 83.1 million shares of the company's stock at the offering price of $32.50 per share. ...

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