AIG (AIG) Announces $500 Million Accelerated Share Repurchase

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Go back to AIG (AIG) Announces $500 Million Accelerated Share Repurchase

AIG Announces $500 Million Accelerated Share Repurchase

February 25, 2020 6:45 AM EST

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced it has entered into an accelerated share repurchase (ASR) agreement with Citibank, N.A. to repurchase $500 million of AIGs common stock. The ASR is part of AIGs existing share repurchase authorization of $2 billion previously announced on February 13, 2019.

Brian Duperreault, AIGs Chief Executive Officer, commented: We remain committed to delivering long-term sustainable value to all of our stakeholders. While AIG 200, investing in our businesses and reducing leverage are key components of our capital management strategy, we continue to be mindful... More