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The government stake already has fallen through a series of public sales to about 53% from 92%.
The sale will be Treasury's fifth since May 2011, but its largest, potentially leaving the government with less than a 20% stake in the company.
"It's part of our ongoing efforts to exit the investment in AIG, recover taxpayer dollars and wind down TARP," a Treasury official said.
AIG shares have risen 47% this year.
http://online.wsj.com/article/SB10000872396390443779404577642023069906372.html
The sale will be Treasury's fifth since May 2011, but its largest, potentially leaving the government with less than a 20% stake in the company.
"It's part of our ongoing efforts to exit the investment in AIG, recover taxpayer dollars and wind down TARP," a Treasury official said.
AIG shares have risen 47% this year.
http://online.wsj.com/article/SB10000872396390443779404577642023069906372.html