CHICAGO (Reuters) - the Government will auditioning bankers to manage a public offer of its stake in the insurer American International Group (AIG)(N), according to a report in the Wall Street Journal Saturday.
Citing a "people familiar question" said paper hearings this week in New York. An AIG spokesman declined to comment on the report on the Journal web site.
The Treasury Board and AIG Board officials will meet representatives of 10 banks seeking to play a role in the offering, said paper stock.
AIG has received the largest bailout plan of the crisis of credit, at a given time, due to the Government more than 182 billion. The Government is now to make a huge profit on the transaction with a series of boot sales inventory beginning in March.
The company said Thursday that its Board of Directors has approved the issuance of warrants to purchase shares of 75 million common shares, subject to the parties the accepting recapitalisation can close by on 14 January.
Shares of AIG closed 1.21 percent, Friday at $61.18 at the New York Stock Exchange.
Banks who have already agreed to provide unsecured loans to AIG through a revolving credit facility may obtain a role in the introduction on the stock market, said the newspaper. Some of these banks include J.P. Morgan Chase & Co (JPM).(N), Citigroup (C.N) and Bank of America (BAC.)(N).
(Reporting by Kyle Peterson)
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