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Ontario Plans to sell its General Motors Shares Over the Next Year


Ontario has decided to sell its General Motors shares in the following year as it plans to review its state-owned assets. “Some assets may no longer serve a public good,” Finance Minister Charles Sousa said. “One good example is our shares in GM.” The Minister added that the government will carefully analyze the market conditions to see when it would be the ...
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General Motors Shares Fall to Near IPO Price of $33
General Motor's ongoing investigation and turmoil have worried investors, leading to a shares drop under $33 IPO price for the first time in almost a year. In 2009, when GM went ...
US Treasury Continues to Sell GM Shares, Exit Draws Closer
The US Treasury announced that it will continue selling GM's shares implementing a third pre-defined written trading plan. The US Treasury had 101.3 million GM shares at the end of the ...
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 ...
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 ...

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