AIG raises $3.7B from AerCap stock sale

• AIG sold $3.7B in AerCap Holdings (NYSE:AER) stock on Wednesday, building capital to buy back its own shares. The New York-based insurer previously announced a $3.5B share-repurchase plan in April.
• The larger-than-planned transaction saw AIG selling about 71.2M shares, following expectations for a 50M share public offering. The move reduces AIG's stake in AerCap from 46% to 5%.
• Previously: AIG and AerCap gain as AIG sells chunk of stake (Jun. 02 2015)