AIG to buy back up to another $3bn of stock from US Treasury
American International Group (AIG) is continuing its buyback of US government-owned shares as it said it intends to purchase up to $3bn of the $4.5bn of common stock up for sale in the latest offering by the Department of the Treasury.
The latest sale, launched today, is underwritten by Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs & Co and JP Morgan, and includes a 30-day option to underwriters to purchase additional shares to cover any over-allotments.
According to reports,...
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