AIG Issues Clarifying Statement Regarding Its Share Purchase Authorization and SEC Registration.Business & Insurance Editors NEW YORK--(BUSINESS WIRE)--Sept. 19, 2001 American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ) has issued the following clarifying statement regarding its recently announced share purchase authorization and shelf registration with the Securities and Exchange Commission: "AIG confirms its previously announced share purchase authorization involving an aggregate of 50 million shares of its common stock, and registration of theses shares for resale. AIG has no immediate plans to sell any of these shares pursuant to the registration statement, but may use them for a variety of purposes in the future, including acquisitions, employee benefit plans or other corporate purposes. Press reports that AIG plans to offer any of these shares in the near future are inaccurate." AIG is the leading U.S.-based international insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization and the largest underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of commercial and industrial insurance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Its member companies write a wide range of commercial, personal and life insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion