Breaking News: U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%

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September 11, 2012 Breaking News Alert U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19% Read the full story The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer's crisis-era bailout and bringing the unpopular rescue closer to its end. The Treasury Department sold $18 billion worth of the insurer's shares at $32.50 apiece, in what could yet be the largest ever secondary offering in U.S. history. The underwriters have the option to buy another $2.7 billion worth of AIG shares, which they can exercise in the next 30 days. Read the full story Send to a Friend Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Media Group, Inc.