Tags: Treasury | Prices | GM | Stock

Treasury Prices GM Stock Sale at $34.41 a Share

Thursday, 06 Jun 2013 05:43 PM

The U.S. Treasury said on Thursday it was selling 30 million shares of General Motors Co. at $34.41 each, raising roughly $1.03 billion as part of its ongoing effort to exit from the bailed-out company and reduce losses to taxpayers.

The public offering, which coincided with GM's re-entry to the Standard & Poor's 500 index, will take the amount recouped for U.S. taxpayers so far to $32.53 billion, still a significant shortfall from the original $49.5 billion bailout price tag.

GM shares closed on Thursday at $34.44.

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The U.S. Treasury said on Thursday it was selling 30 million shares of General Motors Co.at $34.41 each, raising roughly $1.03 billion as part of its ongoing effort to exit from the bailed-out company and reduce losses to taxpayers.
Treasury,Prices,GM,Stock
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2013-43-06
Thursday, 06 Jun 2013 05:43 PM
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