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Treasury and VEBA Close to Selling 50 Million GM Shares


The US Treasury announced it plans to sell 30-million GM shares in a new IPO in conjunction with the company’s return to the S&P 500 index. The UAW Retiree Medical Benefits Trust, VEBA, which owns 14% of GM, will also take part by offering for sale 20 million shares, which means that the total offering will reach 50 million shares, or ...
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US Treasury Sold $489.9 Million of GM Shares in February
The US Treasury, which plans to sell all its GM shares, accelerated the sell-down last month receiving $489.9 million in proceeds. The government published the results on March 11th, in its ...
CEO Dan Akerson bought 25,000 GM shares for $662,500
General Motors CEO Dan Akerson bought 25,000 shares of GM stock, according to a filing with the Securities and Exchange Commission. The executive bought the shares at a price of $26.50 ...
GM likely to maintain U.S. market share in 2013, report says
GM is likely to maintain its position in the U.S. in 2013 after its market share dropped to the lowest point since 1924. That was the first full year of Alfred ...
Canada has no plans to sell GM stake at the moment
The Canadian government has no immediate plans to sell the stake it owns in General Motors, Finance Minister Jim Flaherty said on Wednesday. The comments were made following news the U.S. ...
Former GM CEO Urges US Sell the Rest of the Company’s Shares
Edward Whitacre Jr., former GM CEO, urged the Obama administration to hurry an sell the remaining 26.5% in the automaker. "The government has been an active participant in GM's management for ...
Warren Buffett buys GM stake, trims Intel
Warren Buffett's company is apparently bullish on the U.S. auto industry and entertainment. His company, Berkshire Hathaway Inc. (BRK.A) took a new stake of 10 million in shares in General Motors ...
Investment group gets 5.8% of General Motors
General Motors, the U.S. based automaker said Tuesday that Capital Research Global Investors has acquired more than 5 percent of its shares, Detroit News reports. According to a filing, GM said ...
U.S. Plans GM Share Sale In Summer
The U.S. Treasury Department will wait for General Motors Co. (GM)’s first-quarter earnings before deciding whether to sell more of its investment in the nation’s largest automaker, a person familiar ...
General Motors sells Ally preferred shares for $1 billion
General Motors said Tuesday it will sell all of its shares of Fixed Rate Perpetual Preferred Stock, Series A, of Ally Financial Inc. in a registered public offering for a ...

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