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The announcement comes two days after news reports that shares of the company slid to their lowest point in eight months over concerns about whether the U.S. government will be able to make a profit off of the stock sale. Days before that, AIG reported an 85 percent drop in first-quarter net income, primarily due to $1.7 billion in pretax catastrophe losses and a $3.3 billion pretax charge related to paying back debt to the Federal Reserve Bank of New York (FRBNY).Recommended Stories
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