Treasury Prices 553.8M Shares of AIG (AIG) at $32.50/Sh

American International Group, Inc. (NYSE: AIG) announced that the U.S. Department of the Treasury has priced an offering of approximately 553.8 million shares of its AIG common stock at the initial public offering price of $32.50 per share. Treasury has also granted a 30-day option to the underwriters for the offering to purchase up to an additional approximately 83.1 million shares to cover over-allotments, if any.

In connection with Treasury's offering, AIG has agreed to purchase approximately 153.8 million shares of AIG common stock in the offering at the initial public offering price for an aggregate purchase amount of approximately $5 billion.

Treasury currently owns approximately 53.4 percent of AIG’s common stock outstanding. Assuming completion of this offering and a $5 billion share repurchase at the initial public offering price of $32.50 per share, Treasury would own approximately 21.5 percent of AIG’s common stock then outstanding (approximately 15.9 percent if the over-allotment option is exercised in full).

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