|
Title: AIG now mostly private company again, taxpayers have made money Post by: Beet on September 10, 2012, 09:15:47 PM The U.S. Treasury said late Monday that an offer of 553.8 million shares of American Insurance Group Inc. AIG-2.03% was priced at $32.50 a share, raising $18 billion. The Treasury and the Federal Reserve's combined $182 billion original commitment to stabilize AIG during the recent financial crisis is now fully recovered, the Treasury said. A total of $194.7 billion has been recovered to date, representing a positive return of $12.4 billion from its original commitment, the Treasury said. Following the share sale, the U.S. Treasury holds around 317.2 million AIG shares, or 21.5%, down from 53.4% held before the offer.
http://www.marketwatch.com/story/us-treasury-prices-aig-offer-at-3250-a-share-2012-09-10 How many people could have thought this would be possible four years ago... |