Timothy Massad Posts

General Motors Buying Back 200 Million Shares From The U.S. Treasury

General Motors is spending $5.5 billion to buy back 200 million shares back from the U.S. Treasury by the end of the year.  The Treasury is planning to sell their remaining stake in General Motors over the next 15 months.    The government is planning to sell their remaining stake of 300 million shares on the open market in the next 12-15 months.  GM is paying $27.50 per share, which is an 8% premium over the company’s closing price of $25.49.

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