NU Online News Service, June 5, 11:1 a.m. EDT

The price tag on American International Group's sale of its holdings in reinsurer Transatlantic Holdings Inc. has been put at $1.14 billion.

New York-based Transatlantic said it has priced the sale of 26 million shares owned by AIG, also based in New York, and American Home Assurance Company, a subsidiary of AIG, at $38 per share.

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