(MENAFN) The US Treasury stated that the sale of the American International Group (AIG) stock is forecasted to generate USD750 million more than it was expected at first, as the underwriters decided to acquire 24.6 million extra shares of the company's common stock, reported Xinhua News.
The Treasury said that it will receive USD5.75 billion from the latest sale of the AIG stock, whose public offering price will be at USD30.5.
It added that the offering is forecasted to slash its remaining investment in AIG to around USD24.2 billion, comprised of nearly 871.1 million shares of common stock, and it will also reduce the Treasury's stake in AIG to 53 percent from 61 percent.
It is worth noting that last week; the Treasury announced that it will receive USD5 billion from the sale of 163.9 million AIG stock at USD30.5 a share, while AIG vowed to buy USD3 billion of shares.
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