WASHINGTON (AP) — The government said Friday it is selling another batch of stock in insurance giant American International Group Inc., raising $5 billion. The sale is the latest effort to recoup taxpayer money spent on the largest bailout of the 2008 financial crisis.
The Treasury Department announced that the fourth round of AIG stock sales involves nearly 164 million shares of the company at a price of $30.50 per share. The insurance company has indicated it intends to buy about $3 billion of the stock being offered in this sale.
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