The Associated Press: US government no longer has majority stake in AIG
The U.S. government is no longer the majority owner of American International Group Inc.
The
bailed-out insurance company said Friday that the Treasury Department
had wrapped up a planned sale of AIG stock, which netted the government
roughly $20.7 billion.
The government's sale of 636.9 million
shares means it has less than a majority stake in AIG for the first time
since the 2008 financial crisis, when the Treasury lined up a $182
billion bailout.
New York-based AIG said the Treasury now owns about 16 percent of its stock, down from 53 percent.
Glad that is over with, show of hands anyone receive a dividend check?
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