AIG (AIG) Says U.S. Treasury Priced 163.9M Secondary Offering at $30.50/Share
Tweet Send to a Friend
Get Alerts AIG Hot Sheet
Trade AIG Now!
American International Group, Inc. (NYSE: AIG) reports that the U.S. Department of the Treasury (Treasury) has priced an offering of 163,934,426 shares of its AIG common stock at the public offering price of $30.50 per share.
The price is a 1.1 percent discount from Friday's close at $30.83
Treasury has also granted an option to the underwriters for the offering to purchase up to an additional 24,590,163 shares to cover over-allotments, if any. In connection with Treasury’s offering and as permitted by the previously announced authorization by the AIG Board of Directors, AIG has agreed to purchase 65,573,770 shares of AIG common stock in the offering at the public offering price for an aggregate purchase amount of approximately $2.0 billion.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The price is a 1.1 percent discount from Friday's close at $30.83
Treasury has also granted an option to the underwriters for the offering to purchase up to an additional 24,590,163 shares to cover over-allotments, if any. In connection with Treasury’s offering and as permitted by the previously announced authorization by the AIG Board of Directors, AIG has agreed to purchase 65,573,770 shares of AIG common stock in the offering at the public offering price for an aggregate purchase amount of approximately $2.0 billion.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- BioLineRx (BLRX) Enters $20M ATM Offering w/ Stifel
- Tesla (TSLA) Prices 3.39M Common Stock Offering
- DDR Corp (DDR) Prices Upsized 34M Common Stock Offeing
Create E-mail Alert Related Categories
Corporate News, Equity Offerings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
