AIG: Details of Its Punishing Bailout [View article]
Somebody help me out here. I'm confused by the equity dilution.
So AIG is giving 80% of its common to the government? If so, how is giving stock to the government "dilution"? Or it's issuing 80% more stock to the government on top of it's common?
AIG: Details of Its Punishing Bailout [View article]
So AIG is giving 80% of its common to the government? If so, how is giving stock to the government "dilution"? Or it's issuing 80% more stock to the government on top of it's common?
Thanks in advance.