GM to Buy Back 200M Shares From Treasury

Move could speed up US exit from company

By Kevin Spak,  Newser Staff

Posted Dec 19, 2012 8:27 AM CST

(Newser) – General Motors will spend $5.5 billion to buy back 200 million of its own stock from the US government in the next two weeks, accelerating Uncle Sam's exit from the automaker, the company announced today. GM will pay $27.50 a share, a...   Read full story »

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