American International Group Inc., the insurer that made a 1-for-2000000000 reverse stock split this week, was the subject of an erroneous notice of suspension and delisting by the New York Stock Exchange.
AIG isn’t subject to suspension or delisting and wasn’t responsible for the mistake yesterday on the exchange Web site, the NYSE said in a statement. The world’s largest exchange by value of listed companies said it regrets the error. The accidental notice was removed from the Web site, NYSE said.
AIG shares have plunged 97 percent in the past year. The company said it proposed the reverse split, in which investors turn in 2000000000 shares for a new one, because a higher share price may attract bigger institutional dupes.
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