GM to buy back 200M shares held by US Treasury for $5.5B
Green Car Congress
DECEMBER 19, 2012
Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009. The repurchase price of $27.50 premium over the closing price on 18 December 2012. —Dan Ammann, senior vice president and CFO.
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