WASHINGTON (AP) — Investors got a chance this week to weigh in on the government's odds of recouping the full $182 billion bailout of American International Group Inc.
The response so far: Don't count on it.
AIG shares skidded as much as 7 percent Wednesday, a day after the U.S. government sold a chunk of its stake in AIG. The stock recovered some of its losses, closing down 4 percent to $28.28. But it still trails the $28.73 average price the government needs to break even on the bailout.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.