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AIG Shares Tumble After Stock Split
The nation's investors slammed American International Group (AIG Quote) after a stock split the company's investors overwhelmingly approved.
Shares of the insurer tanked 21% to $18.22 in afternoon trading, a day after shareholders approved a 1-for-20 reverse stock split to boost share price.
Before the split, AIG's shares closed Tuesday at $1.16 a share. ...
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