EmailAmerican Intl (AIG $29.46) announced that the registered public offering of 300 million shares of AIG common stock, par value $2.50 per share, by AIG and the U.S. Department of the Treasury ("Treasury"), as the selling shareholder, was priced at $29.00 per share. One hundred million shares will be issued and sold by AIG and 200 million shares will be sold by Treasury. Treasury has also granted the underwriters an option to purchase up to 45 million additional shares to cover sales of shares in excess of those 300 million shares.
AIG will not receive any of the proceeds from the sale of the shares of AIG common stock by Treasury.
BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are serving as joint global coordinators, and Barclays Capital, Citi, Credit Suisse Securities (USA) LLC, Macquarie Capital, Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities are serving as joint bookrunners.
