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AIG outlines $29.8B aid pact

Posted on April 20, 2009 4:30 PM
American International Group Inc. said in a regulatory filing on Monday that the Treasury Department has agreed to provide the company with up to $29.84 billion in additional funds for five years under a securities purchase pact.

AIG said in the Securities and Exchange Commission filing that it has also reached a deal to exchange different classes of preferred stock.

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