After-Hours: AIG Sees Larger Berkowitz/Fairholme Stake (AIG)

Posted in after-hours 
July 12th, 2010

American International Group Inc. (NYSE: AIG) is seeing a new larger stake taken in recent days or weeks from Bruce Berkowitz’ Fairholme Capital Management, L.L.C.

The new stake is higher than previously seen 15,038,100    shares or 11.13% as of March 31, 2010… which may have been raised between now and then as well.  The new stake is listed as 32,789,000 shares, which comes to a stake of 24.3% for the fund in AIG.

AIG closed down 0.9% at $35.57, but the stock is up almost 2% at $36.24 in after-hours.  Unfortunately, the after-hours trading has only seen 49,945 shares trade since the 4:00 PM EST Closing Bell.

JON C. OGG

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