General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year’s bailout. The latest transaction cuts the government’s stake in the rebounding carmaker to 33% from 61.5%.
Continue reading Treasury Nets $2.1 Billion in GM’s Buyback of Preferred Shares
Treasury Nets $2.1 Billion in GM’s Buyback of Preferred Shares originally appeared on DailyFinance on Wed, 15 Dec 2010 17:30:00.
Filed Under: Company News, Investing, General Motors, Autos