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U.S. Treasury Plans to Sell 30 Million More GM Shares

The U.S. Treasury Department announced plans to sell additional shares of General Motors Co. common stock on the eve of the automaker returning to the Standard & Poor’s 500 Index after a four-year absence.

The government said it will sell 30 million more shares of GM common stock in a 50-million-share offering that also includes a sale by the UAW union’s GM retiree health-care trust.