AIG share sale pushes Treasury towards minority ownership
The US taxpayer may soon become a minority shareholder in American International Group (AIG) after the government sold down its stake and the insurance giant hinted that it may accelerate its share buybacks this month.
On 3 August the US Treasury sold another $5bn of its AIG stock, decreasing its stake from around 61 percent to 53 percent.
The extra $750mn of shares sold in the latest round was a 25 percent upsize on the initial $4.5bn offering, as underwriters...
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