Thursday, November 18, 2010

UPDATE 1-US comfortable with GM IPO pricing, investors | Reuters

Nov 18 (Reuters) - The U.S. government is satisfied with pricing and the investor lineup in the General Motors Co [GM.UL] (GM.N) public offering, a senior Obama administration official said.

Ron Bloom, the administration's point man on auto restructuring, told Reuters Insider ahead of GM trading on Thursday that the government wants a fair return for taxpayers on its $50 billion investment, but also wants to 'get out of this thing as soon as we can.'"

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