General Motors Co. will get another step closer to no longer having the federal government as an owner, and GM retirees also should feel more secure after the sale of 50 million shares of common stock is completed.
The U.S. Treasury announced that it would sell 30 million shares of General Motors common stock (NYSE: GM) in conjunction with the sale of 20 million shares from the UAW's GM retiree health care trust.
This all happens at a time when GM is about to be put back onto the S&P 500, replacing…
General Motors Co. will get another step closer to no longer having the federal government as an owner, and GM retirees also should feel more secure after the sale of 50 million shares of common stock is completed.
The U.S. Treasury announced that it would sell 30 million shares of General Motors common stock (NYSE: GM) in conjunction with the sale of 20 million shares from the UAW's GM retiree health care trust.
This all happens at a time when GM is about to be put back onto the S&P 500, replacing…