- The Treasury will be selling 95M shares - more than half of its stake - in the lender formerly known as GMAC. The pricing is expected to be in the $25-$28 per share range. The underwriter greenshoe could see Treasury unloading another 14.25M shares. The sale would take Treasury's stake in Ally down to the area of about 15%.
- The move comes after Ally's capital return plan was approved by the Fed last night (its plan was rejected last year).
- The stock will trade on the NYSE under the symbol ALLY.
- SEC Form S-1
From other sites
at 4-traders.com (Mar 24, 2015)
at Nasdaq.com (Mar 16, 2015)
at MarketWatch.com (Feb 27, 2015)
at Benzinga.com (Feb 23, 2015)
at CNBC.com (Feb 3, 2015)
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