AIG Announces U.S. Department of the Treasury Launch of Offering to Sell AIG Common Stock

American International Group, Inc. AIG today announced that the U.S. Department of the Treasury (Treasury) has launched an offering of $18 billion of its AIG common stock, par value $2.50 per share (AIG Common Stock). Treasury will also grant a 30-day option to the underwriters for the offering to purchase up to an additional $2.7 billion of AIG Common Stock to cover over-allotments, if any. In connection with Treasury's offering, AIG has indicated to Treasury that it intends to purchase up to $5 billion of AIG Common Stock in the offering, at the initial public offering price, pursuant to a previously announced authorization granted by the AIG Board of Directors. Citigroup, Deutsche Bank See full press release