Tag Archives: Treasury launches $18 billion AIG stock offering!

Dis-Infowars – Treasury Launches $18 Billion AIG Stock Offering! – 10 September 2012

Article : Reuters.com

(Reuters) – The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc, making the government a minority investor for the first time since it rescued the company in the depths of the financial crisis four years ago.

While the Treasury was universally expected to sell stock this month, the magnitude of the planned $18 billion offering was a surprise that will take the government stake in what had been the world’s largest insurer to around 20 percent from 53 percent currently. Continue reading