Thursday, January 13, 2011

AIG is expected to repay all of this week, the U.S. government bailout funds

 Tencent Finance YORK January 13 morning news, American International Group (AIG) said it expected full repayment of the U.S. government rescue funds. Last year the company under the agreement with the U.S. government, AIG preferred stock held by the Ministry of Finance will gradually be converted into ordinary shares. The work is completed, then the Ministry of Finance will hold AIG92% of ordinary shares.

AIG said the company hopes to sell its U.S. Treasury holdings all the ordinary shares to enable the company to pay off all debts. After the 2008 financial crisis, the U.S. government bailout of AIG, once the amount of up to 1800 billion U.S. dollars.

now AIG has been allowed to issue 75 million warrants, which allows shareholders to purchase price of 45 dollars an AIG stock. These warrants Thursday on the New York Stock Exchange under the symbol AIG WS, and in the January 19 general assigned to the registered shareholders of the hands. The shares of AIG from January 1 to January 20 will be in no case warrant exercise transaction.

If all goes according to plan for AIG, the U.S. Treasury on Friday to 49.1 billion of preferred shares into ordinary shares of 1.655 billion new shares AIG Group. This would greatly dilute the shares owned by the current share of the shareholders. In order to stop investors selling shares in AIG, AIG had said late last year, these shareholders will be issued warrants.

AIG has just announced that it will sell its 2.16 billion to Taiwan's Nan Shan Life Insurance business Ruentex Group, the proceeds will also be with the repayment of government assistance.

No comments:

Post a Comment