When in doubt, pray.
December 20 2012
Treasury announces GM exit strategy; automaker buying 200 million shares from U.S. http://t.co/lIJg0z67
December 20, 2012
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Treasury announces GM exit strategy; automaker buying 200 million shares from U.S.
Washington - The Obama administration will sell 40 percent of its remaining stake in General Motors Corp. Wednesday - and said it plans to completely exit the Detroit automaker by March 2014. The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion - or $27.50 per share - nearly $2 above the stock's closing price on Tuesday.
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