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U.S. Treasury prices offering of AIG stock at $32.5/share-sources
December 11, 2012 / 4:30 AM / 5 years ago

U.S. Treasury prices offering of AIG stock at $32.5/share-sources

HONG KONG, Dec 11 (Reuters) - The U.S. Treasury has priced the sale of its remaining stake in insurer American International Group Inc at $32.5 per share, sources with knowledge of the deal said on Tuesday.

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. The sale would raise $7.61 billion.

Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and JPMorgan Chase & Co were hired to handle the transaction.

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