Published December 14, 2012
WASHINGTON – The U.S. Treasury Department on Friday said it has completed its final sale of common stock in American International Group , reducing its shares in the company to zero four years after a massive government bailout.
Treasury said it received $7.6 billion in proceeds from the sale of its remaining 234 million shares at $32.50 per share. Overall, Treasury and the Federal Reserve received a $22.7 billion positive return on their combined $182.3 billion bailout, the department said.
(Reporting by Timothy Ahmann; Editing by Chizu Nomiyama)