American International Group Independent As Treasury Unloads Stake

American International Group, Inc. (NYSE:AIG)’s is now finally an independent company. The U.S. Treasury is selling its remaining 16% stake in currently worth $7bn, which is consistent with many forecasts that this transaction could occur by 2012. Unlike previous offerings,  American International Group, Inc. (NYSE:AIG) will not repurchase any stock.  Post the September 2012 secondary offering, U.S. Treasury (UST) held 234m shares, or 15.9% of shares outstanding.

Last night, UST sold 100% of its remaining stake at $32.50 per share. Consistent with management commentary last quarter that it intended to focus capital deployment on driving improvement in its interest coverage ratios (a key focal point amongst several...