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American International Group Inc.’s board will meet later Wednesday to discuss a plan that would allow the U.S. Treasury to exit its investment in the bailed-out insurer, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Chairman Steve Miller said.

Miller said that ÌìÃÀÍøÕ¾´«Ã½´«Ã½ was nearing a conclusion that could be a “win-win” deal for stakeholders.

The exit plan includes converting the Treasury’s $49 billion preferred stake in ÌìÃÀÍøÕ¾´«Ã½´«Ã½ to common stock, Miller said at an industry conference in New York.

Separately, CNBC reported that ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s board would finalize the exit plan Wednesday and could announce the plan Thursday, citing senior government officials.

The exit plan would chart the eventual disengagement of the government from ÌìÃÀÍøÕ¾´«Ã½´«Ã½, which was propped up by a $182.3 billion taxpayer-funded aid package during the financial crisis.

(Reporting by Paritosh Bansal. Editing by Robert MacMillan)

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