Treasury: $6.3B return from stock sale by AIG

6:37 PM, Mar 2, 2011   |    comments
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Treasury said that the $6.3 billion in gross proceeds from the sale would be used to redeem part of Treasury's $18.2 billion investment in preferred equity shares in AIG.

AIG offered 146.8 million shares of its holdings in MetLife for sale and the stock sold at $43.25 a share.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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