Treasury’s plan to sell depresses AIG stock
9/11/2012NEW YORK — American International Group shares fell Monday, the first trading after the Treasury Department announced its plan to unload at least $18 billion worth of AIG stock.
The offering is the government’s biggest sell-down of AIG since rescuing the insurer with bailouts in 2008 and 2009. AIG’s stock closed 2 percent lower at $33.30 on the New York Stock Exchange.