Treasury to receive $750M more from AIG stock sale

WASHINGTON (AP) – The government says it expects to receive $750 million more from the latest sale of stock held in American International Group. The sales are part of an effort to recoup taxpayer money from the largest bailout of the 2008 financial crisis.

The Treasury Department says the banks underwriting the sale have exercised their option to buy 24.6 million AIG shares at the offering price of $30.50 each. That brings the total from the fourth round of sales in AIG stock to $5.75 billion. Treasury announced last week that it sold $5 billion in AIG stock.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com

Blogs

» Out Here
Out Here

Good or bad? Depends on who you ask

Sometimes readers ask for more good news in the paper. They say we in the media only cover the bad. But one person's positive is another's negative.
» Extra! Extra! - A blog by Chris Heimerman
Extra! Extra! - A blog by Chris Heimerman

My kind of game

I would have gladly paid to take in the game I covered Saturday morning in Morrison.

Reader Poll

Memorial Day weekend heralds the arrival of summer vacation season. How much time do you plan to spend on vacation?

1 week
2 weeks
3 or more weeks
No vacation this year