U.S. Treasury to Auction Preferred Stock in 11 Firms Today
This article is for subscribers only.
The U.S. Treasury Department said it would auction preferred stock positions in 11 financial firms acquired under the Troubled Asset Relief Program.
The offerings of TARP Capital Purchase Program securities will price through modified Dutch auctions starting today at 9 a.m. New York time through the submission deadline at 6:30 p.m. tomorrow, the Treasury said in a statement today.