Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American International Group Inc    AIG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

American International Group, Inc. : AIG Announces U.S. Department of the Treasury Pricing of Offering to Sell Shares of AIG Common Stock

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2012 | 01:50am CET

American International Group, Inc. (NYSE: AIG) today announced that the U.S. Department of the Treasury (Treasury) has priced an offering of 163,934,426 shares of its AIG common stock at the public offering price of $30.50 per share. Treasury has also granted an option to the underwriters for the offering to purchase up to an additional 24,590,163 shares to cover over-allotments, if any. In connection with Treasury's offering and as permitted by the previously announced authorization by the AIG Board of Directors, AIG has agreed to purchase 65,573,770 shares of AIG common stock in the offering at the public offering price for an aggregate purchase amount of approximately $2.0 billion.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, no assurance can be given that the offering or purchase will be completed. These forward-looking statements reflect AIG's current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Except for AIG's ongoing obligation to disclose material information as required by federal securities laws, it does not intend to provide an update concerning any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof.

The offering is being made under AIG's shelf registration statement filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from the Securities and Exchange Commission's Web site at www.sec.gov or by contacting any of (i) Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611 or emailing prospectus.cpdg@db.com, (ii) Goldman, Sachs & Co. Attn: Prospectus Department, 200 West Street, New York, New York 10282, by calling toll-free 866-471-2526, by faxing 212-902-9316 or by emailing prospectus-ny@ny.gmail.gs.com, (iii) BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department, by emailing dg.prospectus_requests@baml.com, (iv) Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by emailing Barclaysprospectus@broadridge.com or calling 888-603-5847, (v) Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, by calling 800-831-9146, (vi) Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by emailing newyork.prospectus@credit-suisse.com or calling 800-221-1037, (vii) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 866 803-9204, (viii) Macquarie Capital (USA) Inc., 125 West 55th Street, New York, NY 10019, Attn: Prospectus Department, by emailing US.Prospectus@Macquarie.com or calling (888) 268-3937, (ix) Morgan Stanley & Co. LLC, c/o Prospectus Department, 180 Varick Street 2/F, New York, NY 10014 or by emailing at prospectus@morganstanley.com, (x) UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, by calling (888) 827-7275, and (xi) Wells Fargo Securities, LLC, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Department, by emailing cmclientsupport@wellsfargo.com or calling 800-326-5897.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

American International Group, Inc.
News Media
Jim Ankner, 212-770-3277
Cell: 917-882-7677
or
Investment Community
Liz Werner, 212-770-7074


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN INTERNATIONAL GRO
12/01 AIG STUDY : U.S. Ultra High Net Worth Clients Own Nine Homes Overseas, Prefer Pr..
11/30 Impact on insurers from Britain's vote to leave the EU
11/29 AMERICAN INTERNATIONAL : AIG to Present at the Goldman Sachs U.S. Financial Serv..
11/28 Macquarie Group Ltd. Sells 266,852 Shares of Brixmor Property Group Inc.
11/26 Netflix, Inc., American International Group, Inc., Chevron Corporation
11/22 AMERICAN INTERNATIONAL : AIG Agrees to Sell Japan Life Insurance Business to FWD..
11/22 AMERICAN INTERNATIONAL : AIG Global Real Estate Completes Sale of International ..
11/22 AMERICAN INTERNATIONAL : Trademark Application for "GUIDED PORTFOLIO SERVICES" F..
11/22 AMERICAN INTERNATIONAL : AIG Announces Investor Day Details
11/22 AMERICAN INTERNATIONAL : Insurer AIG may move European HQ to another EU country ..
More news
Sector news : Multiline Insurance & Brokers - NEC
12/02 ALLIANZ : Pimco to pay $20 million over misleading investors about ETF performan..
11/21 Citi and JPMorgan top list of globally systemic banks
11/16 Janus' Gross says Trump will be one-termer, in failure for populism
11/11DJALLIANZ : Pimco Returns to Net Inflows, Boosting Allianz Shares -- 2nd Update
11/11 ALLIANZ : Pimco fund flow reversal gives new boss Roman pillar to build on
More sector news : Multiline Insurance & Brokers - NEC
News from SeekingAlpha
11/30 Banks back in the lead as new Treasury chief has Dodd-Frank in sights
11/30 AIG'S INVESTOR DAY : More Than On Track To Hit 2017 Targets
11/28 METLIFE : Still More Than 30% Upside Under 'Blue-Sky' Scenario
11/28 AIG : This Is No Sistine Chapel
11/25 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q3 2016 Update
Advertisement
Financials ($)
Sales 2016 52 131 M
EBIT 2016 5 428 M
Net income 2016 3 890 M
Debt 2016 -
Yield 2016 1,96%
P/E ratio 2016 18,07
P/E ratio 2017 11,03
Capi. / Sales 2016 1,26x
Capi. / Sales 2017 1,32x
Capitalization 65 480 M
More Financials
Chart AMERICAN INTERNATIONAL GRO
Duration : Period :
American International Gro Technical Analysis Chart | AIG | US0268747849 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN INTERNAT...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 66,3 $
Spread / Average Target 3,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Peter D. Hancock President, Chief Executive Officer & Director
Douglas M. Steenland Chairman
Jeffrey Joy Hurd Chief Operating Officer & Executive Vice President
Siddhartha Sankaran Executive VP, Chief Financial & Accounting Officer
Philip Fasano Chief Information Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN INTERNATIONAL..2.19%65 480
ALLIANZ SE-9.02%72 252
CHUBB LTD9.39%59 480
ZURICH INSURANCE GROUP..1.51%39 104
MARSH & MCLENNAN COMPA..23.34%35 261
POWER FINANCIAL CORP6.95%18 065
More Results