Treasury Exits AIG; Valuation Update

The U.S. Department of the Treasury announced that it is offering all of its remaining 234 million AIG shares for sale at $32.50/share for a total $7.6 billion. The offering is expected to be completed on Friday. This sale ends government ownership and combined with the recently announced International Lease Finance Corporation (ILFC) sale will eliminate the remaining major […]

American International Group (AIG) Announces Sale of ILFC

Well, that was fast; talks reported Friday 12/7 agreement announced Sunday 12/9. First the announcement in part: AIG Announces Agreement to Sell up to 90 Percent of International Lease Finance Corporation (ILFC): ILFC Headquarters to Remain in Los Angeles; Existing Management to Operate ILFC NEW YORK–(BUSINESS WIRE)–Dec. 9, 2012– American International Group, Inc. (NYSE: AIG) and […]

Three Positives at American International Group (AIG)

Last week we had three good pieces of news concerning our AIG investment: 1) International Lease Finance Corporation (ILFC) sale discussions underway; 2) The impact of Hurricane Sandy on AIG is very manageable; and 3) Woodbury Financial Services acquisition is completed. International Lease Finance Corporation (ILFC) Sale Discussions Underway: On 12/7/12 Bloomberg reported that a Chinese […]