Treasury Eyes Sale Of Final AIG Shares

Law360, New York (December 10, 2012, 9:30 PM EST) -- The U.S. Department of the Treasury is poised to sell its remaining shares in American International Group Inc., according to a Monday announcement by the department, which came to the foundering insurer's rescue in 2008 by purchasing $182 billion worth of AIG stock.

Treasury said that it had started an underwritten public offering for its more than 230 million shares of the insurer, which has been hawking $2 billion shares in its Asian unit as it prepares to emerge from its bailout.

“If the offering is...
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