Friday, January 18, 2013 1:58 pm
Treasury announces sales plan for GM stock
By MARTIN CRUTSINGERAP Economics Writer
Treasury said Friday that the plan would be implemented by JPMorgan Securities and Citigroup Global Markets, the two financial firms it has hired to sell its remaining GM stock.
Treasury would not reveal specific details of the sales plan or provide further information on timing. But officials said that the timing has not changed from December's announcement that it would sell the remaining stock shares over the next 12 to 15 months, subject to market conditions.