AIG is Looking to Buy Back Stock from Uncle Sam

“(Reuters) – American International Group is looking to buy back a large chunk of its shares from the U.S. government, whose stake in the bailed-out insurer could subsequently go below 50 percent by this fall, the Wall Street Journal said, citing people familiar with the company’s thinking.

The buybacks are likely to be accompanied by one or more public share offerings of AIG stock by the U.S. Treasury, the WSJ said.

The timing and scale of future offerings and repurchases are not clear, the Journal said.”

Full article