March 7, 2012
W STILL MAKING IT RAIN:
Treasury launches sale of $6B of AIG stock (Associated Press, 3/07/12)
Treasury also announced an agreement with AIG for it to repay the government's remaining $8.5 billion preferred-stock investment in the company.A price for the common shares wasn't specified. AIG shares closed at $29.45 in trading Wednesday. The share price at which taxpayers would break even is about $28 or $29.
Posted by Orrin Judd at March 7, 2012 6:41 PM
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