NEW YORK, May 24 (Reuters) - The banks underwriting American International Group Inc's share sale are recommending that the insurer price shares at $29 each, a source with direct knowledge of the situation said.
AIG is now considering that recommendation, the source said. The source declined to be named as the information is not public.
Bank of America Merrill Lynch, Deutsche Bank Securities, Goldman Sachs & Co and JPMorgan are leading the underwriters on the share sale.
(Reporting by Clare Baldwin; Editing by Tim Dobbyn) Keywords: AIG PRICE/ (clare.baldwin@thomsonreuters.com; Reuters Messaging: clare.baldwin.reuters.com@reuters.net; +1 646 223 6189) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
AIG is now considering that recommendation, the source said. The source declined to be named as the information is not public.
Bank of America Merrill Lynch, Deutsche Bank Securities, Goldman Sachs & Co and JPMorgan are leading the underwriters on the share sale.
(Reporting by Clare Baldwin; Editing by Tim Dobbyn) Keywords: AIG PRICE/ (clare.baldwin@thomsonreuters.com; Reuters Messaging: clare.baldwin.reuters.com@reuters.net; +1 646 223 6189) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.