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Treasury: $6.3B Return From Stock Sale By AIG

The Treasury Department said Wednesday that a sale of MetLife Inc. stock by American International Group Inc. brought in $6.3 billion, which will go toward repaying a portion of the taxpayer bailout of the insurance company.

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WASHINGTON (AP) — The Treasury Department said Wednesday that a sale of MetLife Inc. stock by American International Group Inc. brought in $6.3 billion, which will go toward repaying a portion of the taxpayer bailout of the insurance company.

Treasury said that the $6.3 billion in gross proceeds from the sale would be used to redeem part of Treasury’s $18.2 billion investment in preferred equity shares in AIG.

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