AIG starts planned IPC stake sale
AIG and Bermudian property catastrophe reinsurer IPC holdings have announced that AIG is commencing an underwritten public offering to sell 13.397 million IPC common shares, with an option for 2 million more.
Upon completion of the transaction, if the underwriters exercise their over- allotment option in full, AIG will not own any shares of IPC's common stock. IPC will not receive any proceeds from the
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