Treasury to cut AIG stake below half ...

Treasury to cut AIG stake below half in $18B sale

There are 5 comments on the Bellingham Herald story from Sep 9, 2012, titled Treasury to cut AIG stake below half in $18B sale. In it, Bellingham Herald reports that:

In this Friday, Aug. 3, 2012 file photo, Specialist Donald Himpele, foreground second left, resumes trading in AIG stock on the floor of the New York Stock Exchange.

Join the discussion below, or Read more at Bellingham Herald.

“your life is great”

Since: Aug 09

you poop in clean water

#1 Sep 9, 2012
"AIG said Sunday that the Treasury Department is selling $18 billion worth of its common shares to institutional investors.

If there is more demand, the government will grant the underwriters a 30-day option to buy up to $2.7 billion more of its stake in the company.

AIG said it will buy back $5 billion worth. The price is not yet determined.

The move should reduce the government's stake in AIG to less than 20 percent of the insurer's total outstanding stock. Right now, Treasury holds about 53 percent of the company, or more than 871 billion shares of common stock, worth about $30 billion.
......
AIG shares closed Friday at $33.99, up about 47 percent since the start of the year."

.
.
.
a price hasn't been set?
how about market value?
.
and....
871 billion shares, at $33.99 a share is $30 billion?
what kind of math is that?
IMFB

Carol Stream, IL

#2 Sep 9, 2012
Gooooood morning nude York! Buffolow Bill_mr!;)
IMFB

Carol Stream, IL

#3 Sep 9, 2012
anneutral wrote:
"AIG said Sunday that the Treasury Department is selling $18 billion worth of its common shares to institutional investors.
If there is more demand, the government will grant the underwriters a 30-day option to buy up to $2.7 billion more of its stake in the company.
AIG said it will buy back $5 billion worth. The price is not yet determined.
The move should reduce the government's stake in AIG to less than 20 percent of the insurer's total outstanding stock. Right now, Treasury holds about 53 percent of the company, or more than 871 billion shares of common stock, worth about $30 billion.
......
AIG shares closed Friday at $33.99, up about 47 percent since the start of the year."
.
.
.
a price hasn't been set?
how about market value?
.
and....
871 billion shares, at $33.99 a share is $30 billion?
what kind of math is that?
U ask what kinda math is dat!! it"s de Obamath & Dr. Bill_mr! wil cowcutelating for U.N.Bill;-000
robert

Fort Lauderdale, FL

#5 Sep 10, 2012
anneutral wrote:
"AIG said Sunday that the Treasury Department is selling $18 billion worth of its common shares to institutional investors.
If there is more demand, the government will grant the underwriters a 30-day option to buy up to $2.7 billion more of its stake in the company.
AIG said it will buy back $5 billion worth. The price is not yet determined.
The move should reduce the government's stake in AIG to less than 20 percent of the insurer's total outstanding stock. Right now, Treasury holds about 53 percent of the company, or more than 871 billion shares of common stock, worth about $30 billion.
......
AIG shares closed Friday at $33.99, up about 47 percent since the start of the year."
.
.
.
a price hasn't been set?
how about market value?
.
and....
871 billion shares, at $33.99 a share is $30 billion?
what kind of math is that?
Less worried about that than I am how are we going to get the rest of the 182 BILLION back. Why not keep the shares until we get more of it back.

“your life is great”

Since: Aug 09

you poop in clean water

#6 Sep 10, 2012
robert wrote:
<quoted text>
Less worried about that than I am how are we going to get the rest of the 182 BILLION back. Why not keep the shares until we get more of it back.
exactly!!!!

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