$18B AIG Offer to Make U.S. Minority Shareholder
Sept. 10 (Bloomberg) -- Bloomberg's Dominic Chu reports that the Treasury Department is offering to sell $18 billion of American International Group Inc. shares in a transaction that will cut the U.S. stake in the firm to below 50 percent for the first time since its 2008 bailout. The U.S. would own about 23 percent of AIG if it sells the shares at the Sept. 7 closing price of $33.99 each. He speaks on Bloomberg Television's "In The Loop."