recapitalization

AIG Down 5.5% as Firm Completes Recapitalization Plan; Share Sale Seen Soon

Published on Fri, 01/14/2011 - 15:54
By Stephanie Shyu in General Interest, AIG, aig, bailout, bankers, government, insurance, market, public company, recapitalization, shares sale, stake, usa

According to Reuters, bankers are speculating about how soon a share sale could happen.

In a statement, AIG CEO Robert Benmosche said, "We recognize that we have to stand on our own and meet the expectations of the marketplace. That's not new to us."

AIG shares are down 5.5% to $54.00 on the news late Friday.

aig, bailout, bankers, government, insurance, market, public company, recapitalization, shares sale, stake, usa

Shares of American International Group (AIG) are down after news that the recapitalization of the insurance giant is complete, leaving the US government with a 92% stake that it is looking to sell quickly, according to reports.

By Stephanie Shyu
sshyu@fnno.com

American International Group to Repay Fed, Close NY Fed Cred

Published on Wed, 12/08/2010 - 16:37
By Anonymous in aig, american, bailout, bank, cash, credit, facility, fed, fnn, group, international, recapitalization, repay, shares, taxpayer
aig, american, international, group, shares, bank, repay, fed, credit, facility, cash, recapitalization, taxpayer, bailout, fnn

By Anonymous

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