November 26, 2008 / 1:52 AM / in 9 years

AIG gets $40 billion injection from Treasury

(Reuters) - American International Group Inc (AIG.N) says it has completed completed a $40 billion preferred stock sale to the U.S. Department of Treasury under TARP.

<p>The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008. REUTERS/Mike Segar</p>

* Says to use proceeds to reduce borrowings under original credit agreement with Federal Reserve Bank of New York.

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