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U.S. Treasury Says its Proceeds From GM IPO Reach $13.5 Billion
By Rebecca Christie -
2010-12-02T18:30:00Z
The U.S. Treasury Department today said its total proceeds from an initial public offering of General Motors stock have reached $13.5 billion, after underwriters exercised an over-allotment option last week that added $1.8 billion to the government’s coffers.
To contact the reporters on this story: Rebecca Christie in Washington at rchristie4@bloomberg.net;
To contact the editor responsible for this story: Kevin Costelloe in Washington at kcostelloe@bloomberg.net
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U.S. Treasury Secretary Timothy Geithner
Prashanth Vishwanathan/Bloomberg
Timothy Geithner, U.S. treasury secretary.
Timothy Geithner, U.S. treasury secretary. Photographer: Prashanth Vishwanathan/Bloomberg
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