Details of a plan to expedite the sell-off of the government’s stake in New York-based American International Group Inc. (AIG) may emerge as early as this week, Bloomberg reports.

Citing unnamed sources with knowledge of the negotiations between the company and regulators, the announcement may entail AIG converting $49 billion in preferred shares currently held by the Treasury into common shares sometime in early 2011. Treasury would then sell the shares on the open market, using any profit recognized to help repay the government for the assistance the company received during the financial crisis.

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