NU Online News Service, May 28, 10:14 a.m.EDT
American International Group, Inc. announced it will sell off ahuge piece of its stake in reinsurance giant TransatlanticHoldings, worth nearly $1 billion.
The taxpayer-supported insurer said a preliminary prospectussupplement filed with the Securities and Exchange Commission callsfor the sale of 26 million shares, worth $984,620,000 atyesterday's closing price of $37.87 per share.
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