BREAKING NEWS ALERT | December 19, 2012 | |
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| 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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