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

Bailed-Out Company To Be A Little Less Government Owned
FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. While the economy has struggled to recover over the past two years, big U.S. companies have not only generated profits but grown them, quarter after quarter. companies have not only generated profits but grown them, quarter after quarter.(AP Photo/Mark Lennihan, file)
FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. While the economy has struggled to recover over the past two years, big U.S. companies have not only generated profits but grown them, quarter after quarter. companies have not only generated profits but grown them, quarter after quarter.(AP Photo/Mark Lennihan, file)

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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