US Nets $7.6B In Public Offering For Its Last AIG Shares

Law360, New York (December 14, 2012, 5:33 PM EST) -- The U.S. government, after bailing out the foundering American International Group Inc. in 2008, has sold the last of its shares in AIG in a $7.6 billion public offering, according to a Friday statement by the U.S. Department of the Treasury.

The government sold its remaining 234 million shares of AIG common stock at $32.50 per share, according to the statement.

"With the proceeds received today, the Treasury and the Federal Reserve have fully recovered the combined $182.3 billion they committed to stabilize AIG during the...
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