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Wednesday, December 19, 2012

ALERT: GM will buy 200 million shares from U.S. Treasury ; government plans full exit

BREAKING NEWS ALERT December 19, 2012
 
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GM will buy 200 million shares from U.S. Treasury
Government plans full exit within 18 months
Mike Colias
General Motors today said it will buy 200 million shares of its stock from the U.S. Treasury for $5.5 billion and that the government intends to unload all of its shares within 18 months. GM will pay $27.50 a share, an 8 percent premium over its current share price. GM CFO Dan Amman said the price was set through negotiations between GM and Treasury officials.
 story 

 
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