Courtesy of Benzinga.
American International Group, Inc. (NYSE: AIG) announced today the completion of a registered public offering of 188,524,589 shares (including 24,590,163 shares sold pursuant to the exercise in full of the underwriters’ over-allotment option) of AIG common stock, par value $2.50 per share, by the U.S. Department of the Treasury (“Treasury”) as the selling shareholder. AIG purchased 65,573,770 shares of AIG common stock in the offering at the public offering price of $30.50 per share for an aggregate purchase amount of approximately $2.0 billion. The exercise of the over-allotment option increases Treasury’s proceeds from the sale to approximately $5.75 billion. AIG did not receive any of the proceeds from the sale of the shares of AIG common stock by Treasury.
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