Canada, Ontario sell GM stock as IPO price exceeded

[Zewind]

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Ottawa and Ontario the governments have owned a combined 11.67 per cent of General Motors since last year’s bailout of the automaker. They reduced that stake to below 10 per cent by selling about 35 million shares.

Rough Math
$33 X 35,000,000 = $1,155,000,000 US

So what does this mean for the average taxpayer?

[Xtrema]

Originally posted by Zewind
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Rough Math
$33 X 35,000,000 = $1,155,000,000 US

So what does this mean for the average taxpayer?

Nothing really. May have people in Ontario a bit.