NU Online News Service, May 25, 12:34 p.m. EDT

American International Group Inc. (AIG) and the U.S. Department of the Treasury made available 300 million shares priced at $29 per share, which raised about $9 billion.

After the offering the Treasury, which says it expects aggregate gross proceeds of about $5.8 billion, will hold about 1.455 billion shares of AIG common stock to bring its ownership in the bailed-out insurer down to 77 percent.

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