Nowhere has been American International Group Inc. remarkable turnaround been more apparent than in the performance of its common stock. AIG shares closed at $57.39 yesterday, approximately double the price from a year earlier.
Now, as the company nears completion of a series of transactions to recapitalize it, the stock may take a hit, according to Reuters. Citing a source close to the situation, Reuters says shares are expected to settle back to a level in the mid-$40 range once the company's newly announced warrants begin trading.
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