1. News Articles
  2. Related News Articles
News Article Details

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

Source: Business Wire

Posted on 10 Mar 2010

Facebook LinkedIn Twitter Google

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.


Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000