Treasury Conducts Public Offering On Remaining AIG Stock

Posted by Orb Staff on December 11, 2012 No Comments
Categories : Residential Mortgage

12891_treasury Treasury Conducts Public Offering On Remaining AIG Stock The U.S. Department of the Treasury has launched an underwritten public offering for all of its remaining 234,169,156 shares of American International Group Inc. (AIG) common stock.

If the offering is completed, the Treasury would continue to hold warrants to purchase AIG's common stock that were also issued as part of AIG's participation in Treasury programs.

Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC have been retained as joint bookrunners for the offering.

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