GM (GM) Surges as Treasury Plans to Exit Entire Stake
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Will GM (GM) Shares See Another 'Treasury Pop' in FY13?
December 19, 2012 12:09 PM ESTEarlier on the session, the biggest news hitting the auto industry was General Motors (NYSE: GM) offering to repurchase 200 million shares from the U.S. Treasury for $27.50 per share, a 7.9 percent premium over Tuesday's close.
However, the Treasury still holds 300.1... More
General Motors (GM) Announces $5.5B Buyback of Treasury Stake
December 19, 2012 8:04 AM ESTGeneral Motors (NYSE: GM) will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasurys plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions.
Treasury has announced its intention to sell its remaining shares of common... More
General Motors (GM) to buy 200 million share from Treasury
December 19, 2012 8:00 AM ESTGeneral Motors (NYSE: GM) to buy 200 million share from Treasury... More
