NU Online News Service, March 10, 2:53 p.m. EST

American International Group Inc. in its latest asset sale activity said the shares of reinsurer Transatlantic Holdings it is disposing of have been priced at $53.35 per share.

AIG last summer began selling off its interest in Transatlantic held by its American Home Assurance Co. (AHAC) subsidiary, and the latest transaction involves a 14 percent stake consisting of 9.2 million shares.

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