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AIG, Treasury Set To Test The Water By Offering 300 Million Shares

American International Group Inc. and the U.S. Department of the Treasury say they plan to offer a small portion of stock for an unset price.

By Chad Hemenway | Updated on May 11, 2011
The Treasury holds a 92 percent stake in the insurer. After selling 200 million shares, the Treasury's stake would be reduced to about 77 percent.

NU Online News Service, May 11, 1:21 p.m. EDT

American International Group Inc. (AIG) and the U.S. Department of the Treasury say they plan to offer a small portion of stock for an unset price in an effort to better understand the underlying value of the bailed-out insurer.

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