Bloomberg News

AIG Warrants Plunge as Insurer’s Stock Drops for Third Day

October 04, 2011

Oct. 4 (Bloomberg) -- American International Group Inc. warrants plunged the most since August to another record as the insurer fell for a third day in New York trading.

The 10-year warrants, which allow investors to buy common stock at $45 a share, dropped 69 cents, or 13 percent, to $4.72 at 3:04 p.m. after falling as low as $4.66 earlier in the day. The stock slipped $1.05, or 5.1 percent, to $19.41. The warrants began trading in January at more than $20 each.

--Editor: Dan Kraut

To contact the reporter on this story: Maryellen Tighe in New York at Mtighe6@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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