AIG Sells $6B AIA Shares to Help Repay Bailout - BusinessWeek
03/05/12
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AIG Sells $6B AIA Shares to Help Repay Bailout
BusinessWeek
AIG will hold about 19 percent of AIA after the stock sale. AIG was rescued in September 2008 as it was forced to pay out insurance on mortgage-linked assets after the bankruptcy of Lehman, the biggest underwriter of mortgage-backed securities.
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BusinessWeek
AIG will hold about 19 percent of AIA after the stock sale. AIG was rescued in September 2008 as it was forced to pay out insurance on mortgage-linked assets after the bankruptcy of Lehman, the biggest underwriter of mortgage-backed securities.