U.S. Treasury Sells Nearly $500M of GM (GM) Stock in February
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General Motors (GM) Announces $5.5B Buyback of Treasury Stake
December 19, 2012 8:04 AM ESTGeneral Motors (NYSE: GM) will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasurys plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions.
Treasury has announced its intention to sell its remaining shares of common... More
