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AIG Gets $452 Million Via Sale Of Transatlantic Shares

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

Stock News for Transatlantic (TRH)
DateTimeHeadline
12/19/201111:18:43Applications Given Early Antitrust Clearance
09/27/201123:02:19New Transatlantic Suitors Include Former Treasury Official: Sources...
08/19/201118:57:09TransAtlantic Sets Holder Meeting To Vote On Allied World Deal
08/16/201110:49:19Despite Buffett Claim, Berkshire Is In Takeover Talks -Source
08/12/201118:57:12WSJ: Berkshire Enters Talks To Buy Transatlantic
08/12/201118:23:25Berkshire Enters Confidential Talks With Transatlantic
08/11/201113:52:13Transatlantic Executives Feared For Jobs At Validus Approach:...
08/01/201109:49:10Validus CEO: Transatlantic Board 'Case Study In Poor Governance'
07/13/201115:43:13For Reinsurers, Size Matters In Fight To Acquire Transatlantic
06/13/201113:46:20Merger Monday Returns With Busiest Deal Day In A Month
05/25/201116:58:36Insurers' 1Q Underwriting Results Worst In A Decade, SNL Says
03/11/201117:12:14Japan Disaster Shows Coverage Gaps, But Quake Still Costly For...
06/03/201008:02:23AT A GLANCE: BP Gulf of Mexico Oil Spill Hits Insurers
03/15/201019:25:09AIG Gets $452 Million Via Sale Of Transatlantic Shares
03/05/201010:01:32AIG Plans To Sell Remaining 14% Stake In Transatlantic
03/03/201018:17:12Natural-Gas Distributor Oneok To Join S&P 500
01/08/201010:23:02Reinsurance Price Declines Won't Offset Other Insurance Woes

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