Law360, New York (March 02, 2011, 11:12 PM ET) -- American International Group Inc. sold its stake in MetLife Inc. for $9.6 billion earlier than scheduled on Wednesday to help accelerate its efforts to pay down the $18.2 billion debt it owes the U.S. Department of the Treasury.
A total of 146.8 million shares of MetLife common stock were sold at an offering price of $43.25 per share, resulting in proceeds of $6.3 billion, according a Wednesday statement by Treasury.
AIG also sold MetLife equity units valued at $3 billion for $3.3 billion, Treasury said....
AIG Takes In $9.6B With MetLife Stake Sale
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