The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment in the insurer.
The Treasury priced the offering at $32.50 a share, above the $28.72 needed for the government to break even on its investment in the company.
This is the fourth and largest tranche the Treasury has sold above the break-even price. After the sale closes, the Treasury and the Federal Reserve will recover a total of $194.7 billion from the combined investment of $182.3 billion.
Topics USA Profit Loss AIG
Was this article valuable?
Here are more articles you may enjoy.
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
