With U.S. Treasury Exiting, GM (GM) Becomes Prime Activist Target
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U.S. Treasury Plans Sale of Remaining 31.1M GM (GM) Shares
November 21, 2013 8:59 AM ESTThe U.S. Department of the Treasury announced that it had completed the sale of 70.2 million shares of General Motors (NYSE: GM) common stock under its third pre-defined written trading plan, and that it would continue selling GM common stock by launching a final plan for its remaining 31.1 million shares. If... More
Ally Financial Repays $5.9B U.S. Treasury Investment
November 20, 2013 3:02 PM ESTAlly Financial Inc. (Ally) today announced that it has completed a private placement of 216,667 shares of Ally common stock for an aggregate price of approximately $1.3 billion. In addition, Ally completed the repurchase of all outstanding shares of the Mandatorily Convertible Preferred securities held by the U.S. Department of the... More
