Treasury mulls IPO for GM, but move unlikely until 2011
Jun 11, 2010 | 02:12 PM
| Corinna Petry
The U.S. Treasury Department is exploring a possible initial public offering (IPO) of General Motors Co.'s common stock, of which it owns 60.8 percent, although the automaker is unlikely to go public until next year.
Treasury acquired its stake in GM under the Troubled Asset Relief Program (TARP) in connection with the bankruptcy court administered restructuring of the company last summer.....
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