Market Currents

After announcing its intent to reduce its stake in AIG (AIG) from 70% to 63% over the weekend,...

Monday, May 7, 2012, 7:54 PM ET
After announcing its intent to reduce its stake in AIG (AIG) from 70% to 63% over the weekend, the Treasury says it plans to sell an additional 2% by exercising its over-allotment option due to higher-than-anticipated demand. The expanded offering should boost Treasury's coffers by an additional $750M. Shares +1% AH.

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This news story has 3 comments:

ahouseoforange Comments (223)

BUY AIG-WT

7 May 2012, 08:59 PM Reply Like

Mike Maher Comments (1756)

I feel like I missed the move already, but it looks like AIG is back on track.

7 May 2012, 09:31 PM Reply Like

CapVandal Comments (89)

Strong After Hours showing.

We have a motivated seller (Treasury) who isn't trying to squeeze the Buffalo off the Nickel.

We have a public offering over break-even,and Treasury is going give everyone a taste.

They are showing that they will price it to sell, and everyone is going to walk away with some money.

But the longer term holders..... they are going to make real $$$

8 May 2012, 12:02 AM Reply Like

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