AIG investors led by C.V. Starr, Maurice Greenberg plan to sell shares

By Lisa Kerner

Charlotte, N.C., Sept. 25 - American International Group, Inc. investors led by C.V. Starr & Co., Inc. Trust and former chief executive officer Maurice Greenberg plan to sell their shares of AIG common stock in open-market transactions "for liquidity and other purposes," it was reported in an amended schedule 13D filed with the Securities and Exchange Commission.

Sales will be made at times, amounts and prices as determined by each of the investors.

According to the filing, sales may, individually or in total, materially decrease the percentage of AIG outstanding common stock beneficially owned by the investors.

On Sept. 18, the investors announced that they are continuing their review and analysis of AIG with the assistance of Perella Weinberg Partners LP.

Based on AIG's financial position and strategic direction, as well as other factors, the investors may themselves or with other third parties take action to influence or control the company, a prior SEC filing said.

AIG is a New York financial and insurance services company.

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