NU Online News Service, June 8, 12:27 p.m.EDT

American International Group, Inc. said underwriting managershave purchased an additional 3.9 million shares of TransatlanticHoldings Inc. from AIG leaving the company with a 14 percentstake.

Under terms of the deal, the aggregate gross proceeds will bringAIG $1.14 billion. AIG said reinsurer Transatlantic will notreceive any of the proceeds from the secondary offering.

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