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AIG Stock Sale To Net U.S. Treasury $5 Billion

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AIG STOCK SALE TREASURY
AP


WASHINGTON, Aug 3 (Reuters) - The U.S. Treasury on Friday said it would raise about $5 billion from its sale of American International Group stock, reducing the government's stake in the company to around 55 percent from 61 percent.

Treasury priced its AIG offering at $30.50 per share -- the same value of its May offering and above the $28.72 price required for the government to break even on its investment in the insurer.

(Reporting By Jason Lange, Rachelle Younglai; Editing by Sandra Maler)

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