|AIG ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF ITS REMAINING SHARES IN TRANSATLANTIC HOLDINGS|
NEW YORK, Mar 09, 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.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
AIG is a leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services around the world. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
SOURCE: American International Group, Inc.
American International Group, Inc.