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General Motors Company : Ally Financial to Sell About $1 Billion in Common Stock -CNBC

08/16/2013 | 12:11pm US/Eastern

Ally Financial Inc. plans to sell about $1 billion of its common stock, possibly as early as later Friday, CNBC reported, citing people familiar with the matter.

Proceeds from the offering could be used to pay back the Treasury Department for its holding of a convertible preferred stake in Ally as well as boosting the company's capital levels.

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