Treasury said Wednesday that it would sell its shares in conjunction with the sale of 20 million shares of GM stock held by the UAW Retiree Medical Benefits Trust, bringing the total size of the sale to 50 million shares.
In December, Treasury sold 200 million shares of GM stock back to the company. At that time, Treasury announced that it intended to sell its remaining 300 million shares of GM stock into the market by early 2014. |