AIG Announces Pricing of Secondary Public Offering of Its Remaining Shares in Transatlantic Holdings

Source: Business Wire

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10 Mar 2010

American International Group, Inc. (AIG) today announced that an underwritten public offering of 8,466,693 shares of Transatlantic Holdings, Inc. (TRH) common stock owned by American Home Assurance Company (AHAC), a subsidiary of AIG, was priced at a public offering price of $53.35 per share.

Goldman, Sachs & Co., Wells Fargo Securities and BofA Merrill Lynch, the underwriters of the offering, have a 30-day option to purchase up to an additional 725,969 shares of TRH common stock from AHAC. As previously announced, the underwriters have entered into an agreement under which TRH will purchase two million of the shares owned by AHAC in the offering.