The Treasury Department said yesterday that it planned to sell 30 million shares of General Motors in an offering tied to the company’s reinsertion into the Standard & Poor’s 500-stock index, the New York Times DealBook blog reported yesterday. The sale is part of the agency’s previously announced plans to sell its remaining 300 million shares of the automaker, or nearly 18 percent, by early next year. It has said that it will sell those shares through predefined written trading plans. The shares came to the government as a result of the $49.5 billion bailout of General Motors in 2009 in the wake of the financial crisis. In December, the Treasury sold 200 million shares back to the company for $5.5 billion, leaving it with 300 million shares.
