WASHINGTON—The Treasury Department says it expects to receive an additional $750 million from its latest sale of AIG stock as a result of underwriters buying additional shares.
Treasury says the underwriters exercised their over-allotment option in full to purchase approximately 24.6 million additional shares of AIG common stock at the public offering price of $30.50 per share.
Yesterday, Treasury said it had sold 163.9 million shares for approximately $5 billion, reducing its ownership stake in the insurance giant to 63 percent.
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