September 10, 2012 / 11:43 PM / in 5 years

AIG shares price at $32.50 in secondary offering

(Reuters) - A secondary offering for American International Group Inc shares by the U.S. Treasury Department was priced at $32.50 per share on Monday evening, according to an underwriting source.

The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008. REUTERS/Mike Segar

The Treasury Department said on Sunday it would sell $18 billion worth of shares in the bailed-out insurer and set aside another $2.7 billion worth of shares to cover overallotments.

Reporting by Olivia Oran; Editing by Gary Hill

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