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US government confirms plans to exit GM by year’s end


The U.S. government said yesterday it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a loss of about $10 billion on the automaker's 2009 bailout. The Treasury Department's intention to sell the last remnant of its GM stake highlights a remarkable recovery staged by the U.S. ...
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More us Treasury articles

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 ...
US Treasury Close to Put an End to GM Ownership
The US Treasury is months away from selling the rest of 7.3% stake in GM and ending the ownership of the automaker. The government revealed in a report published this week ...
US Treasury Has to Sell GM Stake at $95.51 Per Share to Break Even on the Bailout
The US Treasury said that it will have to sell the rest of GM shares for $95.51 per share to break even on the automaker’s bailout. This would bring the price ...
US Treasury Sells $2 Billion GM Stock in June
US Treasury announced it had sold in June almost $2 billion GM stock, as it has reduced the forecast of losses on the $85 billion bailout to around $17.9 billion. As ...
US Treasury Recovered $3.2B From GM Stock Sale
So far this year the US Treasury has managed to sell GM shares worth $3.2 billion. The US Treasury reported that in May is has sold $611.4 million worth of GM ...
GM Might Buy Back More Shares From the US Treasury
GM said it might buy back more shares from the US Treasury or offer a dividend to increase its shareholder value. The US automaker continues to focus on upgrading its investment-grade ...
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 ...
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 ...
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 ...

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