U.S. Treasury Department agreed to offer for sale, GM IPO shareholders
Sina Finance
YORK August 19 morning news, the U.S. Treasury said Wednesday that the Department has agreed to General Motors IPO (initial public offering) of stock in the registration statement, known as the common stock of the "offer selling shareholders "(selling shareholder).
U.S. Treasury Department said in a statement, the Department will remain on whether to join General Motors in the IPO transaction and to what extent the decision to participate in the transaction.
Currently, the U.S. Treasury holds 60.8% of GM common stock, while also holding the company's 2.1 billion U.S. dollars of the A Series A Preferred Stock. General Motors, the IPO transaction will not include Series A preferred stock included. (Civil and military)
