AIG: Almost Free
Earlier this week, the Treasury recently announced plans to sell a huge portion of its AIG stake, dumping $18 billion of AIG stock before underwriter options -- roughly the size of Facebook's IPO. All told, this will bring the government's ownership percentage down below 20%. Senior analyst Anand Chokkavelu says this is good news and that AIG is "one step closer to freedom." See the following video for more.
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The article AIG: Almost Free originally appeared on Fool.com.
Anand Chokkavelu owns AIG warrants. Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of AIG and Facebook and has options on AIG. Motley Fool newsletter services recommend AIG and Facebook. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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