U.S. Sells More of Its GM Shares

The Dept. of the Treasury, which sold 200 million shares of its General Motors Co. stake in December, began divesting its remaining 300.1 million shares in mid-January.

The Treasury Dept. says it garnered $156 million from stock sold by Jan. 31. Share prices during that period suggest the U.S. divested between 5.3 million and 5.6 million shares last month.

The government said late last year that it intends to dispose of all its stock a 19% equity stake by March 2014.

The Treasury Dept., which received $5.5 billion from the December stock sale to GM, says it will provide details of the January sale and subsequent transactions when it completes its trading plan.