AI
Monday, September 10, 2012 10:46:46 AM
Treasury To Sell $18B Of AIG Stake, Become Minority Holder
The U.S. g0vernment sees the finish line on its 2008 rescue of American International Group, and is taking a big leap to wrap things up more quickly.
On Sunday, the Treasury Department said it will sell $18 billion of its remaining holdings of AIG stock, with the insurer repurchasing up to $5 billion in the offering and the bulk being sold to other investors. The sale, the second by Treasury in just over a month, will cut the government’s stake to around 20%, from its current 53%.
Treasury has been accelerating its sales, thanks in large part to AIG’s improving operating results. The insurer has also built up cash and repurchased a chunk of the shares on offer in each of the previous sales by the government, most recently raising $2 billion by paring its own stake in Hong Kong-listed AIA last week.
http://www.forbes.com/sites/steveschaefer/2012/09/10/treasury-to-sell-18b-of-aig-stake-become-minority-holder/
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http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=3924783&CatId=4935
The U.S. g0vernment sees the finish line on its 2008 rescue of American International Group, and is taking a big leap to wrap things up more quickly.
On Sunday, the Treasury Department said it will sell $18 billion of its remaining holdings of AIG stock, with the insurer repurchasing up to $5 billion in the offering and the bulk being sold to other investors. The sale, the second by Treasury in just over a month, will cut the government’s stake to around 20%, from its current 53%.
Treasury has been accelerating its sales, thanks in large part to AIG’s improving operating results. The insurer has also built up cash and repurchased a chunk of the shares on offer in each of the previous sales by the government, most recently raising $2 billion by paring its own stake in Hong Kong-listed AIA last week.
http://www.forbes.com/sites/steveschaefer/2012/09/10/treasury-to-sell-18b-of-aig-stake-become-minority-holder/
ASUS K55A-BI5093B Laptop Computer - 3rd generation Intel Core i5-3210M 2.5GHz, 4GB DDR3, 500GB HDD, DVDRW, 15.6" Display, Windows 7 Home Premium 64-bit
9/10/2012 today only for $400
http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=3924783&CatId=4935
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