Banking, finance, and taxes
Despite Fresh Highs, Berkowitz & Fairholme Keep Adding AIG Shares (AIG)
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American International Group Inc. (NYSE: AIG) keeps seeing Fairholme Capital Management, L.L.C. and Bruce Berkowitz take a larger stake in the company. AIG shares hit a new 52-week high just last week after the government and the company outlined the restructuring of the government’s ownership of giant insurer. That move to fresh highs has not deterred Berkowitz as of yet.
We took a look at the holding purchases and the following numbers were available with volume-weighted average prices (VWAP) listed as well:
- 12/09/2010 bought 478,665 shares at $45.11 VWAP with final holdings of 39,257,539 shares.
- 12/10/2010 bought 1,175,400 shares at $48.90 VWAP with final holdings of 40,432,939 shares.
- 12/10/2010 bought 1,600 shares listed as $48.95, but the new total holdings is listed as being 44,294,324 shares on an indirect basis.
AIG shares closed down almost 0.9% at $48.52 on the day and shares are up almost 0.9% at $48.94 in the after-hours trading session on Monday.
JON C. OGG
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