AIG Raising $20 Billion (at TheStreet.com)

                   
yahoo.com     May 20, 2008            

Shares of American International GroupAIG were slipping Tuesday morning, after the troubled insurer said it was raising more capital than it originally intended and selling businesses. Speaking at a conference in London, CEO Martin Sullivan told investors that AIG planned to sell non-core assets... [read full story]                

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AIG to raise roughly $20 billion in capital (at MarketWatch)

yahoo.com     May 20, 2008          

Giant insurer originally planned to raise about $12.5 billion AIG is also selling hybrid securities. That offering is still taking place, with some securities sold in U.S. dollars and others in euros and U.K. pounds. "We expect that when completed our total program including the hybrids will...                

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AIG to raise roughly $20 billion in capital

marketwatch.com     May 19, 2008          

Giant insurer originally planned to raise about $12.5 billion AIG is also selling hybrid securities. That offering is still taking place, with some securities sold in U.S. dollars and others in euros and U.K. pounds. "We expect that when completed our total program including the hybrids will...                

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AIG raising $20 billion (at Fortune)

yahoo.com     May 20, 2008          

AIG (AIG) is grabbing more cash from investors looking to shore up the insurer’s balance sheet. The company will raise a total of $20 billion in new capital, Marketwatch reports, through sales of common shares and equity-linked securities. AIG said earlier this month that it would raise $12.5...                

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AIG raising $20 billion

cnn.com     May 20, 2008          

Insurance giant AIG is grabbing more cash from investors as it looks to shore up its balance sheet. The company will raise a total of $20 billion in new capital, Marketwatch reports, through sales of common shares and equity-linked securities. AIG said earlier this month that it would raise $12.5...                

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AIG raised capital in region of $20 billion, CEO says

earthtimes.org     May 20, 2008          

NEW YORK (Reuters) - American International Group Inc Chief Executive Martin Sullivan on Tuesday told investors that the insurance company's recent issue of equity and debt raised in the region of $20 billion, far more than initially expected. Sullivan, speaking at an investor conference in...                

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AIG raised capital in region of $20 billion, CEO says (Reuters)

yahoo.com     May 20, 2008          

NEW YORK (Reuters) - American International Group Inc (NYSE:AIG - News ) Chief Executive Martin Sullivan on Tuesday told investors that the insurance company's recent issue of equity and debt raised in the region of $20 billion, far more than initially expected. Sullivan, speaking at an investor...                

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AIG capital raising adds $20 billion; shares fall

reuters.com     May 20, 2008          

NEW YORK (Reuters) - American International Group Inc's recent issue of equity and debt is expected to raise about $20 billion, far more than initially expected, Chief Executive Martin Sullivan said on Tuesday. "We anticipate this capital raise will be roughly 8 percent dilutive to AIG's...                

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AIG raising more capital than expected

ibtimes.com     May 20, 2008          

NEW YORK (AP) - American International Group Inc. plans to raise $20 billion in fresh capital, reduce noncore operations and expand its foreign operations after losing billions of dollars on weak credit markets, the insurer said Tuesday. Speaking at an investor conference in London hosted by...                

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AIG raising more capital than expected (AP)

yahoo.com     May 20, 2008          

Tuesday May 20, 12:09 pm ET AIG to reduce noncore assets, expand in foreign markets, raise capital to improve business NEW YORK (AP) -- American International Group Inc. plans to raise $20 billion in fresh capital, reduce noncore operations and expand its foreign operations after losing billions...                

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UPDATE - AIG capital raising adds $20 billion; shares fall (at Reuters)

yahoo.com     May 20, 2008          

NEW YORK (Reuters) - American International Group Inc's (AIG.N: ) recent issue of equity and debt is expected to raise about $20 billion, far more than initially expected, Chief Executive Martin Sullivan said on Tuesday. AIG shares dropped to their lowest level in nearly 10 years in morning...                

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