NU Online News Service, March 23, 1:25 p.m. EST
Maurice Greenberg's Starr International will sell 10 million shares in American International Group, relinquishing the bulk of its common stock holdings in a deal with UBS Securities LLC worth more than $278 million, the firm reported.
In a filing with the Securities and Exchange Commission last week, Starr International said it will sell 10 million of its close to 14 million common stock shares in AIG in a variable pre-paid forward sale.
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