Treasury offers warrants to buy Capital One stock
WASHINGTON |
WASHINGTON Dec 1 (Reuters) - The U.S. Treasury Department on Tuesday said it is selling warrants at auction to buy stock in Capital One Financial.
"The proceeds of this sale will provide an additional return to the American taxpayer from Treasury's investment in the company beyond the dividend payments it received on the related preferred stock," the Treasury said in an announcement. (Reporting by Mark Felsenthal; Editing by Theodore d'Afflisio)
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