AIG Closes Secondary Public Offering of Shares in
March 15, 2010 05:48 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--American International Group, Inc. (AIG) today announced that it
has closed the previously announced secondary 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, for
aggregate gross proceeds of approximately $452 million.
As previously announced, TRH purchased two million of the shares owned by AHAC in the offering.
Goldman, Sachs & Co., Wells Fargo Securities and BofA Merrill Lynch served as the underwriters of the offering.
The underwriters have a 30-day option, exercisable until April 8, 2010, to purchase up to an additional 725,969
shares, the remaining TRH shares held by AHAC.
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.
American International Group, Inc.
Lauren Day, 212-770-3141
Teri Watson, 212-770-7074