American International Group Independent As Treasury Unloads Stake
American International Group, Inc. (NYSE:AIG)'s is now finally an independent company. The U.S. Treasury is selling its remaining 16% stake in currently worth $7bn, which is consistent with many forecasts that this transaction could occur by 2012. Unlike previous offerings, American International Group, Inc. (NYSE:AIG) will not repurchase any stock. Post the September 2012 secondary offering, U.S. Treasury (UST) held 234m shares, or 15.9% of shares outstanding.
Last night, UST sold 100% of its remaining stake at $32.50 per . . .
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