However, the government retains a majority of shares in the company, even after the stock sell-off. The government will hold 63 percent of the company's shares after the public sale is completed. As part of that sale, AIG itself has agreed to …
Billionaire activist investor Carl Icahn says he has taken a large stake in the insurance ... operating at average industry returns, and buying back stock, AIG can trade at over $100 per share – 66% above its current $60 price,” John …
To pay off $20 billion in remaining Fed loans, AIG is selling its foreign life insurance businesses, American Life Insurance Co., to MetLife Inc., and offering stock for the first time in its Asian life insurance business, American International …
For all the public hatred toward Wall Street in the wake of the 2008 financial crisis, consider this: The US government has now made a $12.4 billion profit on its $182 billion bailout of insurance company American International Group (AIG) …
American International Group, Inc. (NYSE:AIG) today announced that its Board of Directors declared a quarterly dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on September …
Former American International Group Inc. Chairman and CEO Maurice R. Greenberg plans to sell most of his remaining shares in the insurer to Swiss bank UBS A.G. for at least $278 million. Mr. Greenberg's investment vehicle, Zug, …
NEW YORK — The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 per share. AIG will buy about $2 billion worth of the stock. The remaining $3 billion …
The U.S. Treasury Department will convert its preferred stake of about $49.1 billion for 1.66 billion shares of common stock and then sell the holdings in the open market, AIG said Thursday in a statement. Common shareholders, who hold …
In a statement on Monday, the Treasury said it launched an underwritten public offering for AIG’s remaining 234.2 million shares of common stock. At Monday’s closing share price of $33.36, the stake would be worth some $7.81 billion. …
WASHINGTON Insurance giant American International Group, which has been taxpayer-owned since a $182 billion federal rescue two years ago, announced a deal Thursday allowing the firm to convert the government's ownership to …