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Article: Transatlantic Holdings, Inc. Announces Closing of Public Offering of AIG's Interest.
- Article from:
- Investment Weekly News
- Article date:
- July 4, 2009
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Transatlantic Holdings, Inc (NYSE: TRH) (the "Company") announced the closing of a previously announced secondary public offering of 29.9 million shares of Transatlantic Holdings, Inc. common stock owned by American International Group, Inc. ("AIG") and its subsidiary, American Home Assurance Company ("AHAC" and together with AIG, the "Selling Stockholder"), at $38.00 per share. The Company did not receive any proceeds from the secondary offering.
The secondary offering was made through a syndicate of underwriters led by J.P. Morgan Securities Inc., Goldman, Sachs & Co., and Morgan Stanley & Co. as joint book-running managers with Lazard Capital Markets LLC as ...
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