Hope fades for U.S. profit on AIG stock as price falls

05/8/2011 | Wall Street Journal, The

The chance is fading that the U.S. government will profit from its stake in American International Group. Despite a stock market rally, AIG's publicly traded shares have lost more than a third of their value since mid-January. The Treasury Department has said the government would break even, about $28.70 a share. AIG shares closed Friday at $30.70. Investors have indicated they would want to pay $5 a share less than the market price for a large number of shares.

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Wall Street Journal, The

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