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September 14, 2010 Tuesday 1:06 AM EST
LENGTH: 116 words
HEADLINE: AIG reportedly in talks to repay U.S. taxpayers
BYLINE: Sarah Turner
SYDNEY (MarketWatch) — American International Group Inc. (aig) is in talks over an accelerated plan to repay U.S. taxpayers, The Wall Street Journal newspaper reported Tuesday. As early as 2011 the U.S. Treasury could convert $49 billion of the firm’s preferred shares into common shares under the plan and the shares would then be sold off to private investors, according to the report. That would reduce the U.S. government’s stake in the insurance giant, although a successful exit could take several years and would depend on market conditions, the report stated.
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