AIG in accelerated share repurchase

  • Brian Duperreault, CEO of AIG (File photograph)

    Brian Duperreault, CEO of AIG (File photograph)

American International Group Inc has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $500 million of AIG’s common stock.

It is part of AIG’s existing share repurchase authorisation of $2 billion announced a year ago.

AIG has offices in Bermuda, and its chief executive officer is Bermudian-born Brian Duperreault.

Mr Duperreault said: “We remain committed to delivering long-term sustainable value to all of our stakeholders.

“While AIG 200, investing in our businesses and reducing leverage are key components of our capital management strategy, we continue to be mindful of the importance of deploying capital through a balanced approach that also includes returning capital to investors.

“As a result, in addition to our recently announced redemption of $350 million of 4.35 per cent callable notes due 2045, we are proceeding with this $500 million share buyback.”

You must be registered or signed-in to post comment or to vote.

Published Feb 26, 2020 at 8:00 am (Updated Feb 26, 2020 at 8:23 am)

AIG in accelerated share repurchase

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • Do you think the Government has taken the necessary steps to protect the public against the risk of the Covid-19 virus?
    • Yes
    • 55%
    • No
    • 45%
    • Total Votes: 5215
    • Poll Archive

    Today's Obituaries

    eMoo Posts