Banks to meet in NYC Thursday on AIG sale: source
Banks will meet in New York City on Thursday to pitch for the mandate to sell the U.S. Treasury's stake in bailed-out insurer American International Group, a person familiar with the matter said on Wednesday.
The Treasury will own 92.1 percent of AIG after a recapitalization deal closes, which is expected this week. Sources have said a large secondary offering - $10 billion or more - is expected sometime in the second half of May.
(Reporting by Clare Baldwin, writing by Ben Berkowitz; editing by Carol Bishopric)
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