Ex-AIG CEO's Investment Co. Sells AIG Stock For $278M

Law360, New York (March 22, 2010, 6:46 PM EDT) -- The investment company led by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., has netted $278 million in a deal to sell 10 million AIG shares to a unit of Switzerland’s UBS AG.

In a filing Friday with the U.S. Securities and Exchange Commission, Greenberg’s privately held investment company Starr International Co. Inc. said it had entered into a final agreement with UBS Securities LLC for the variable pre-paid forward sale of up to 10 million shares of AIG stock.

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