Archive: 12/19/2012
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  12/19/2012, Tevet 6, 5773

Three Years After Auto Bailout, U.S. Sells Back Stake in GM


The US Treasury said Wednesday it would sell its investment in US automaker General Motors, a stake it bought as part of a government bail-out of the auto industry, over the next 12 to 15 months. The announcement came as GM said it would buy 200 million shares of GM common stock held by the Treasury for $5.5 billion, or $27.50 per share.