Government Sold $621M Worth Of GM Stock In March

April 12, 2013 7:46 PM

Government Sold $621M Worth Of GM Stock In March
" DETROIT (AP) – The Treasury Department told in its March written report to Congress that it exchanged $621 million indefinite quantity of GM common stock past month.

The written report gone out Wednesday tells the regime has regained about $30.4 billion of the $49.5 billion bailout it furnished the Detroit automaker.That intends remunerators are even so $19.1 billion in the hole.

The Treasury gives tongue to the damage per stock certificate will be brought out at a subsequent date.

GM working capital exchanged in a compass of $26.75 to $29.30 in March.At the center of $28, the polity would have interchanged about 22.2 million shares.That would go forth it with about 255 million shares.Those would have to exchange for around $75 each for the authorities to attain, much double up the up-to-date commercialism price.GM stocks blocked 84 cents, or 3 percent, at $28.37 amid a comprehensive activity assemblage on Wednesday "

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