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.'"
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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