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GM Stock Surpasses 2010 IPO Price


Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will be able to pare its losses. Today GM’s shares rose to $33.21 compared with $33.00 during the November 2010 IPO, the first time the stock has risen above $33 since May 2011. This year so far GM’s stock has increased 14.5%. ...
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More us Treasury articles

Ally and ResCap Reach Deal to Complete Restructuring
Ally Financial reached a deal with Residential Capital’s major creditors which would allow the company to complete its bankruptcy restructuring. This move is expected to allow the US Treasury, which still ...
US Treasury Begins Another Round of GM Stock Sales
The US Treasury Department announced it will begin another round of sales of GM’s stock. After GM’s registration statement made in April, it would be easier for the Treasury to sell ...
US Treasury Sold $621 Million Worth of GM’s Stock in March
The Treasury Department announced that in March it has sold $621 million worth of GM’s stock. "To date, Treasury has recovered approximately $30.4 billion of its investment in GM through repayments, ...
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 ...
US Treasury Sold $156.4 Million in GM Stock Last Month
Last month the US Treasury sold $156.4 million in GM stock, with shares priced at about $28 to $30. After GM bought 200 million shares for $27.50 each and a total ...
Ally Financial to repay U.S. Treasury in full by 2014
Ally Financial will repay the U.S. Treasury for its bailout by 2014 on the strength of its auto-finance business, its CEO said. The second-largest remaining investment by the U.S. Treasury's bailout ...
Obama Administration Needs ‘Concrete Plan’ to Exit Ally Financial
An administration watchdog said that the US Treasury needs a ‘concrete’ solution to unwind Ally Financial 2009 bailout. Taxpayers own 74% of Ally and the auto-finance company still has to pay ...
Government Audit Criticizes the US Treasury for Approving Pay Rises at GM, Ally and AIG
The US Treasury has been harshly criticized by a government auditor for approving ‘excessive’ pay raises for CEOs at three companies which already received large bailouts. Christy Romero, the inspector who ...
US Treasury Chose Citigroup and JPMorgan to Manage GM Shares Sale
As the US Treasury plans to sell its shares in GM, it chose JPMorgan Chase & Co. and Citigroup Inc. to manage the sale. Yesterday, January 16th, the US Treasury Department ...

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