bailout

GM Buys Back $5.5 Billion In Stock From The U.S. Government
Richard Read By Richard Read

GM Buys Back $5.5 Billion In Stock From The U.S. Government

12/19/2012

General Motors has announced plans to buy back some of its stock from the U.S. Department of the Treasury, reducing the federal government's stake in the automaker by 40%. In a press release, GM says that it will purchase 200 million shares of common stock from the Treasury -- a significant chunk...

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