AIG, Treasury Plan Public Offering

Reuters is reporting that AIG (NYSE: AIG) and the US Treasury are planning a public offering for 2011.

According to Reuters, sources close to the matter say, "AIG and the Treasury would both sell stock in the offering, which could total more than $10 billion. An offering could come as early as March, but the discussions are preliminary, and the exact size and timing have not been decided."

AIG Spokesperson Mark Herr stated, "We hope to be able to go to the market with a public offering of AIG this spring, but we have work to do to make that happen. We are working as diligently as we can to achieve this as quickly as possible, subject to market conditions."

An offering could come as early as March. AIG is down $0.30 to $43.65.