Treasury Agrees to Sell Remaining Holdings of Common AIG Shares

The Treasury Department Dec. 10 began selling the last of the government’s common stock position in American International Group Inc. (AIG), a placement that could generate about $7.8 billion.

The divestiture largely closed the books on the biggest bailout from the height of the financial crisis in 2008, when AIG received $182 billion in commitments from Treasury and the Federal Reserve.

The public offering, if completed, will include nearly 234.2 million shares, which closed at $33.36 a share before the sale was announced. Treasury has been slowly unloading the public ownership stake in the New York-based insurance firm since May ...