AIG (AIG) Slumps as NY Fed Delays $1.7B Maiden Lane III Debt Sale
Tweet
Share
E-mail
Get Alerts AIG Hot Sheet
Join SI Premium – FREE
American International Group (NYSE: AIG) is lower at the start Thursday following headlines from Bloomberg that the New York Fed is postponing the sale of $1.7 billion of Maiden Lane III LLC debt. The sale was scheduled to be completed today.
Reports say the delay is due to participants needing more time to evaluate the collateralized debt obligation (CDO) information.
AIG is off about 2 percent in early trading.
Reports say the delay is due to participants needing more time to evaluate the collateralized debt obligation (CDO) information.
AIG is off about 2 percent in early trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NVIDIA (NVDA) in talks to invest in data-center company Cloverleaf Infrastructure - WSJ
- Stripe, Advent In Talks To Buy Paypal - WSJ
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign 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!
