The sale of AIG’s remaining stake is expected to raise about $6.5 billion, even at a sale price that is discounted 3.2% to 6.3% from Friday’s closing price. The U.S. Treasury just sold its last stake in the U.S. insurer and U.S. taxpayers no longer own a piece of AIG. In fact, taxpayers could finish more than $22 billion ahead on the bailout package of $180 billion that they advanced to AIG following the financial crisis of 2008.
AIG’s shares are up 1.9% in premarket trading this morning, at $34.59 in a 52-week range of $22.19 to $37.67.
Paul Ausick
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