SAN FRANCISCO (MarketWatch) — General Motors Co. said Thursday that the Treasury’s ownership of Citigroup shares poses a conflict of interest in its pending initial public offering. GM noted that the Treasury owns about 3.6 billion of Citi’s common stock, equivalent to a 12.4% stake of outstanding shares, which constitutes a conflict under FINRA regulations. [...]
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GM: Treasury’s Citi stake poses conflict in IPO
October 14th, 2010 
davidguide 
Posted in Business Structures 
Tags: automaker, Citi, Citigroup, citigroup global markets inc, common stock equivalent, conflict, discretionary accounts, initial public offering, market pulse, MarketWatch, poses, SAN FRANCISCO, stake, Treasury, Treasury's 
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