TIMELINE-US sells stake in GM, will return to private ownership

Newswire

Dec 19 (Reuters) - The U.S. Treasury said on Wednesday it will sell 200 million shares in General Motors Co and divest the rest of its holdings over the next 12 to 15 months, ending public ownership of the company rescued by taxpayers in 2009. GM's $50 billion bailout comprised of nearly $7 billion in direct loans and $43 billion in bailout cash and bankruptcy aid. The following is a timeline of events: January 2009: GM receives ...

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