AIG sells $65.4mn in additional Arch shares

AIG has sold an extra 707,210 Arch shares after underwriters in a
secondary offering exercised an option to buy more of the stock
that AIG picked up in selling United Guaranty to the Bermudian
carrier.
The added shares sold for $92.50 each, or about $65.4mn, Arch
said today.
Last week, AIG sold almost
6.4 million Arch shares for about $590mn to dispose of about
half the equity it received in the $3.4bn sale of its mortgage
insurance business.The sale...