JakartaForum-WSJ - For tax payers who want to yank their money out of bailed out insurer AIG, you’ve got a long way to go. AIG today detailed plans for a stock offering that is the first step for the government to flee its 92.1% ownership in the company. As our Deal Journal colleagues had reported, the stock sale is likely to fetch far less money that what government officials had expected. According to a regulatory filing today, the AIG sale totals 300 million shares. And while AIG didn’t set an expected per-share price for its stock, the 300 million shares are valued at about $8.9 billion based on AIG’s closing stock price Tuesday of $29.62. The government needs a per-share price of about $28.70 a share to break even on its stake in AIG. (The offering price is likely to be at a discount to the market price.) The U.S. government plans to sell just 200 million of its 1.66 billion shares of AIG — or just 12% of taxpayers’ holdings in AIG. It’s not exactly a great advertisement for AIG: “We’re slightly less majority-owned by Uncle Sam!”
» » Home »
AIG
,
AIG Bailouts
,
AIG’s closing stock price Tuesday
,
Bailouts
,
Deal Journal colleagues
,
regulatory filing
» Uncle Sam’s 12% Exit from AIG, the AIG sale totals 300 million shares
Uncle Sam’s 12% Exit from AIG, the AIG sale totals 300 million shares
Related Post:
Jakarta Hotels
Jakarta Mercure Convention Centre Ancol Hotel
... Jakarta Mercure Convention Centre Ancol Hotel ...Mercure Convention Centre Jakarta is the only international resort hotel in Jakarta, and has direct access to the beach. Located in the heart of the exciting Dreamland Ancol Park, between the Oceanarium and Fantasy World. The Ancol boasts such attractions as arts and crafts markets and an 18-hole golf course. The hotel is the perfect venue for large or small meetings, receptions, conferences, seminars, weddings and other functions. The hotel...
Batavia Apartments

... Jakarta Batavia Apartments ...Batavia Apartments, serviced residences for expatriates living in Jakarta. Located near the heart of the Golden Triangle, Jakarta's business district, Batavia Serviced Residences offer all the amenities and services of a five-star hotel, while living amongst a community of expats from around the world. Visit us soon and find out why Batavia Apartments has become a premier housing choice for expatriates.Since Batavia Apartments is located near the Golden Triangle,...
Park Lane Jakarta Hotel

... Park Lane Jakarta Hotel ...Welcome to The Park Lane JakartaIf you truly appreciate the warmth of a sincere welcome, plus a comfortable room and quality service delivered professionally by friendly, smiling staff, then The Park Lane Jakarta is the place for your stay in the capital.The hotel is located adjacent to one side of the city’s “Golden Triangle” central business district and is close to Kuningan ITC/Ambassador shopping mall. Hotel Map All of the hotel’s 280 rooms, including 36 long-stay...
Grand Hyatt Hotel

... Jakarta Grand Hyatt Hotel ...Grand Hyatt Jakarta is a luxury hotel located in the heart of Jakarta business district. Our Jakarta hotel is adjacent to Indonesia's most comprehensive and sophisticated shopping mall, Plaza Indonesia, and enjoy convenient access to government offices, museums and Jakarta's cultural attractions. Our hotel in Jakarta is just 40 minutes by car from Soekarno Hatta International Airport (CGK).With 428 hotel rooms & suites, Grand Hyatt Jakarta is one of the largest...
Jakarta Shangri-la Hotel

... Jakarta Shangri-la Hotel ...The Shangri-La Hotel, Jakarta offers peaceful luxury in the heart of Indonesia's capital. Our beautifully landscaped gardens, fine restaurants and serene quarters provide a relaxing retreat for discerning travellers.CustomStayEnjoy the flexibility to create your own hotel experience in a way that is tailored to your needs.BonusChoiceEnjoy simply delightful extra value at Shangri-La.There is a new way to save called BonusChoice, which entitles you to enjoy a choice...
Puri Casablanca Suites Serviced Apartment

...Puri Casablanca Suites Serviced Apartment....Gracious Living of Puri Casablanca, where the beauty of nature and modern technology of architecture blend so harmoniously together. A world of its own, a tranquil and refreshing experience for the soul, mind and body. Be ready to be pampered by our friendly staff and the conveniences of a hotel-style service while enjoying the cozy atmosphere of home which makes the Puri Casablanca's truly Your Own Private Life. The Puri Casablanca is a serviced...







0 Comment:
Post a Comment