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U.S. Treasury to Sell Its Last Remaining Shares of AIG Common Stock

Market News Video
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December 11, 2012 AT 10:20 PM
American International Group (AIG) today announced that the US Department of the Treasury has priced an offering of approximately 234.2 million shares of AIG common stock at a price to market of $32.50 per share. Upon the closing of this transaction, expected this Friday, Treasury will have sold the last of its remaining shares of AIG common stock, receiving proceeds of approximately $7.6 billion from the sale.