Kepco trims stake in maintenance unit, raises $97 million

It didn’t turn out to be as busy a start to the week as market participants expected when stocks rallied at the end of last week, partly because weak China trade data dampened the enthusiasm a bit. Global investors were also busy on Monday assessing the US Treasury’s massive sell-down of its stake in American International Corp AIG, making it tough for smaller deals to compete for attention.

The AIG block was priced at $32.50 per share early yesterday morning for a total deal size of $18 billion, of which AIG itself bought approximately $5 billion worth of shares. Overnight, the underwriters also exercised the overallotment option, increasing the...