American International Group said it expectedto close on its recapitalization plan last Friday, Jan. 14, andthat it will issue about 75 million warrants to shareholders laterthis week.
On Jan. 19, the 10-year warrants, good throughJan. 19, 2021, will be given to shareholders, who will get 0.53warrants for each share of AIG owned by Jan. 13. They will allow shareholders the opportunity to buy common stock at $45 pershare.
A share of AIG stock closed Jan. 12 at $58.20.
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