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