American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.AIG is offering its 13.69 percent stake in AIA , or 1.65 billion shares, in a range of HK$29.65-HK$30.65 apiece, sources with direct knowledge of the plan said.That is a discount of up to 6.3 percent to AIA's close at HK$31.65 in Hong Kong on Friday, the sources said, declining to be identified as the terms of the offering weren't yet public. Trading of AIA was suspended on Monday at the company's request.The sale marks the end of an era for AIG in Asia and its Chief Executive Robert Benmosche, who took AIA public in Hong Kong in the world's third-biggest initial public offering ever.
American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries. Shares of AIG fell by 0.88% or $-0.3/share to $33.94. In the past year, the shares have traded as low as $22.19 and as high as $37.67. On average, 25306000 shares of AIG exchange hands on a given day and today's volume is recorded at 29334760.
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