WASHINGTON (AP) — The government says it expects to receive $750 million more from the latest sale of stock held in American International Group. The sales are part of an effort to recoup taxpayer money from the largest bailout of the 2008 financial crisis.

The Treasury Department says the banks underwriting the sale have exercised their option to buy 24.6 million AIG shares at the offering price of $30.50 each. That brings the total from the fourth round of sales in AIG stock to $5.75 billion. Treasury announced last week that it sold $5 billion in AIG stock.

Treasury says it has received $23.3 billion from four sales of AIG stock.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.