Treasury Sells an Additional $750M in AIG (AIG) Stock As Underwriters Exercise Option

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Today, the U.S. Department of the Treasury announced that it expects to receive an additional $750 million from its underwritten public offering of American International Group, Inc. (NYSE: AIG) common stock.

The underwriters have exercised their over-allotment option in full to purchase approximately 24.6 million additional shares of AIG common stock at the public offering price of $30.50 per share.

Overall, the offering is expected to reduce Treasury's remaining investment in AIG to approximately $24.2 billion, consisting of approximately 871.1 million shares of common stock; and reduce Treasury's percentage ownership of AIG's outstanding shares of common stock from 61 percent to 53 percent.

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