American International Group Inc (AIG.N) is in talks with U.S. officials to formulate a plan that would speed up the insurer's exit from government ownership, the Wall Street Journal said, citing people familiar with the matter.
The exit plan could be rolled out as early as the first half of 2011 and is designed to repay the U.S. taxpayers in full, the Journal said.
As per the plan, the Treasury department may convert $49 billion in AIG preferred shares it owns into common shares.
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