AIG prices stake in Transatlantic Re
AIG has said that it has priced its underwritten public offering of 26m shares of US reinsurer Transatlantic Holdings, common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), at $38 per share.
The underwriters will have a 30-day option to purchase up to an additional 3.9m shares of TRH common stock from AHAC.Transatlantic Re will not sell any shares in the offering.
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