AIG Gets $452 Million Via Sale Of Transatlantic Shares
March 15 2010 - 7:25PM
Dow Jones News
American International Group Inc. (AIG) said late Monday that it
raised $452 million through the sale of 8.5 million shares of
Transatlantic Holdings Inc. (TRH), owned by its subsidiary American
Home Assurance Co.
Of the total offered, Transatlantic Holdings bought 2 millon
shares, according to AIG. Goldman Sachs & Co., Wells Fargo
Securities and BofA Merrill Lynch served as the underwriters for
the deal. They also have an option to purchase up to an additional
725,969 shares of Transatlantic Holdings by April 8.
-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
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