Will GM (GM) Shares See Another 'Treasury Pop' in FY13?
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Warning: Government Overhang Remains in General Motors (GM)
December 19, 2012 10:01 AM ESTShares of General Motors Company (NYSE: GM) are up 9 percent in early trading Wednesday following news the company will be buying back 200 million shares of the U.S. Department of the Treasury's 500.1 million shares of GM common stock. While clearly a psychological positive, investors should be warned that there remains a government overhang in the stock that will likely hurt near-term share performance.
With today's news it is important to note that the Treasury plans to dump the remaining 300.1 million shares of GM... More
GM (GM) Surges as Treasury Plans to Exit Entire Stake
December 19, 2012 8:13 AM ESTGeneral Motors (NYSE: GM) is immediately jumping 6.7 percent early Wednesday after announcing a 200 million share buyback of the the Treasury stake with plans by the Treasury to exit the entire position in 12-15 months.... 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
