Some of the top bankers in the United States flocked to a midtown Manhattan law firm on Thursday to make a pitch for managing what could be one of the largest share sales in history -- a secondary offering of potentially $20 billion for bailed-out insurer AIG. (AIG.N) The bankers were expected to offer a cut-rate fee, trading profits for the prestige of managing a historic offering and getting in line for future underwriting business from the company. Those that are chosen will probably share a fee of around 75 basis points, or about $150 million if the deal hits the $20 billion level, a source familiar with the situation said. That is about half of what they would typically expect for a secondary share offering.
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