The Treasury Department announced yesterday that it expects to receive an additional $750 million from its latest public offering of stock in American International Group, bringing its expected proceeds from the stock sale to approximately $5.75 billion, CongressDaily reported today. The government injected $182 billion into AIG to keep it from collapsing during the height of the financial crisis. The sale is part of the Treasury Department's ongoing effort to wind down the Troubled Asset Relief Program. Treasury said that it expects its latest public offering to reduce its remaining investment in AIG to approximately $24.2 billion, and decrease its ownership stake of common stock in the company to 53 percent from 61 percent.
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