Treasury Selling Remaining Ally Stake At $23.25 Per Share

The Treasury Department said it's sold the rest of its stake in Ally Financial at $23.25 per share, raising $1.3 billion for taxpayers. Ally, the former General Motors Acceptance Corp., had announced Thursday night that Treasury was selling its stake, but the price wasn't known. Ally was the last major Troubled Asset Relief Program investment. "The Auto Industry Financing Program helped save the auto industry, more than one million jobs, and prevent a second Great Depression," said Treasury Secretary Jacob J. Lew.