AIG (AIG) Prices Shares of AIA Group Limited, Authorizes Stock Buyback
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AIG (AIG) Prices Shares of AIA Group Limited, Authorizes Stock Buyback
September 7, 2012 6:57 AM EDTAmerican International Group, Inc. (NYSE: AIG) announced today that it has priced the sale of approximately 591.9 million ordinary shares of AIA Group Limited (AIA) by means of a placing to certain institutional investors. Immediately following the sale, AIA Aurora LLC, a wholly-owned subsidiary of AIG, expects to transfer all of its remaining interest in AIA to its parent, AIG.
Upon the closing of the placing, which is scheduled for September 11, 2012,... More
