The US Treasury Department plans to sell the remains of its bailout era stake in automaker General Motors by the end of the year through a fourth “dribble-out” plan, effectively scotching hopes that it might undertake a market offering or block trade to dispose of the stake.
The US Treasury Department plans to sell the remains of its bail-out era stake in automaker General Motors by the end of the year via a fourth “dribble-out” programme.
Chinese online sports lotteries provider 500.com has upped its pricing range by 20% at the midpoint ahead of this week’s US$75m US IPO, another sign of strong investor interest in Chinese tech companies after a string of successful deals recently.
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