US Treasury to auction Hartford Financial warrants

WASHINGTON, Sept 20 | Mon Sep 20, 2010 8:32am EDT

WASHINGTON, Sept 20 (Reuters) - The U.S. Treasury Department said on Monday it will auction 52.09 million warrants to purchase common stock in The Hartford Financial Services Group (HIG.N) at a minimum bid price of $10.50 to divest its bailout investment in the insurer.

The Treasury said the modified Dutch auction will start at 8 a.m. (1200 GMT) on Tuesday and close at 6:30 p.m. (2230 GMT). (Reporting by Glenn Somerville; Editing by Andrea Ricci)

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