AIG (AIG) Says U.S. Treasury Priced 163.9M Secondary Offering at $30.50/Share
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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.
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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.
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