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AIG Chairman Says Treasury Might Exit Insurer Within Twelve Months

Posted on 16 Apr 2012

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AIG Exit StrategyThe U.S. Treasury might exit its stake in American International Group Inc. (AIG) within the next year, the chairman for the insurer told Bloomberg TV on Friday.

"It will be Treasury's choice as to when they want to liquidate" their shares, Robert "Steve" Miller said. "But it is certainly within the realm of possibility that it could happen within the next 12 months."

Matthew Anderson, a spokesman for the Treasury, declined to comment to Bloomberg.