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Article: Transatlantic Holdings, Inc. Announces Exercise of Underwriters' Option in AIG's Secondary Offering of Transatlantic Shares.
- Article from:
- Investment Weekly News
- Article date:
- June 27, 2009
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Transatlantic Holdings, Inc (NYSE: TRH) announced that the underwriters of the previously announced public offering of 26 million shares of Transatlantic Holdings, Inc. common stock owned by American International Group, Inc. (AIG) and its subsidiary, American Home Assurance Company (AHAC), have exercised their option to purchase an additional 3.9 million shares. As a result, AIG and AHAC will sell a total of 29.9 million shares for aggregate gross proceeds of $1.136 billion. TRH will not receive any of the proceeds from the secondary offering.
The secondary offering was made through a syndicate of underwriters, led by J.P. Morgan Securities Inc., Goldman, Sachs ...
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Article: TRANSATLANTIC HOLDINGS ANNOUNCES EXERCISE OF ...
AsiaPulse News;
June 10, 2009 ;
700+ words
... ... NYSE) Transatlantic Holdings, Inc. Announces ... in AIG's Secondary Offering of Transatlantic ... 2009-- Transatlantic Holdings, Inc (NYSE ... close of the secondary offering, which is ... shares of Transatlantic Holdings, Inc ...
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