CORRECTED-UPDATE 2-U.S. Treasury to reduce stake in auto lender Ally

Newswire

(In paragraph 10, corrects amount Treasury would raise if it sold remaining Ally shares at same price to $4.2 billion from $42.2 billion) WASHINGTON, Jan 16 (Reuters) - The U.S. Treasury Department on Thursday announced plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund. The Treasury said it expected taxpayers to recover about $3 billion from the private offering of Ally common stock at ...

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