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September 25, 2008 at 10:03 AM
Maurice Greenberg, the former chairman of American International Group Inc., and other individuals and entities associated with Greenberg say they may sell some of their AIG stock holdings.
Greenberg and a group of other filers, such as the Maurice R. and Corinne P. Greenberg Family Foundation Inc., the C.V. Starr & Company Inc. and the C.V. Starr & Company Inc. Trust, discuss their interest in selling AIG stock in a Schedule 13D/A report filed with the U.S. Securities and Exchange Commission.
“The Reporting Persons presently intend to engage in open-market sales of shares of Common Stock for liquidity and other purposes,” the filers say in an amendment to the original Schedule 13D report. “Such sales may be made at such times, in such amounts and at such prices as each of the Reporting Persons may in its sole discretion determine. Such sales may, individually or in the aggregate, materially decrease the percentage of the outstanding Common Stock of the Issuer beneficially owned by the Reporting Persons.”
The filers say they are reserving their right to change their plans and intentions in regards to any sale of common stock.
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