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MarketScreener Homepage  >  Equities  >  Nyse  >  American International Group    AIG

AMERICAN INTERNATIONAL GROUP (AIG)
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American International : AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise

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06/13/2018 | 10:17pm CEST

American International Group, Inc. (NYSE: AIG) today announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $43.6911 per share from $43.8498 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.031 from 1.027. Each of these adjustments will be effective at the close of business on June 14, 2018. Any Warrant exercised on or prior to June 14, 2018 will not be entitled to these adjustments.

These adjustments resulted from the declaration by the Board of Directors of AIG on May 2, 2018 of a dividend of $0.32 per share on AIG Common Stock. The dividend is payable on June 28, 2018, to stockholders of record at the close of business on June 14, 2018.

Further information on the Warrants and the adjustments to the Warrant exercise price and number of shares of AIG Common Stock receivable upon Warrant exercise, including the U.S. Federal income tax treatment of these adjustments, will be available in the Investor Relations section of AIG’s website.

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.


© Business Wire 2018
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Financials ($)
Sales 2018 48 136 M
EBIT 2018 5 946 M
Net income 2018 4 091 M
Debt 2018 -
Yield 2018 2,45%
P/E ratio 2018 11,74
P/E ratio 2019 9,60
Capi. / Sales 2018 0,97x
Capi. / Sales 2019 0,93x
Capitalization 46 715 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 61,9 $
Spread / Average Target 18%
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Managers
NameTitle
Brian Duperreault President, Chief Executive Officer & Director
Douglas M. Steenland Independent Non-Executive Chairman
Peter Zaffino Global Chief Operating Officer & Executive VP
Siddhartha Sankaran Chief Financial Officer & Executive VP
Martha J. Gallo Chief Information Officer & Vice President
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