AIG Reportedly In Talks To Repay U.S. Taxpayers

Copyright 2010 MarketWatch.com Inc.All Rights Reserved

MarketWatch

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.

© 1997-2008 MarketWatch.com, Inc. All rights reserved. See details at http://custom.marketwatch.com/custom/docs/useragreement.asp.

LOAD-DATE: September 15, 2010