BSF Advises Starr International in Sale of AIG Stock
March 30, 2010
BSF's corporate group represented Starr International Company, Inc. in the sale of up to 10 million shares of common stock of American International Group, Inc. in a variable pre-paid forward sale transaction with UBS Securities LLC. The transaction allowed Starr to lock in a minimum value of the AIG stock at approximately $270 million (which it received immediately), while preserving some ability to participate in any market gains for approximately 3 years. Partners George Liu and Mike Huang, with associate Michael Grisolia, advised Starr in connection with the transaction.
Please follow the below links for media coverage of this matter.
The Wall Street Journal, March 22, 2010
Greenberg Cuts AIG Stake In Preset Sale to UBS Unit
Reuters, March 21, 2010
Greenberg sells AIG stock to UBS for $278 million
Related Practice: Corporate