Reuters: Economic News: Treasury sells Central Pacific Financial shares

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Treasury sells Central Pacific Financial shares Mar 30th 2012, 12:43 WASHINGTON | Fri Mar 30, 2012 8:43am EDT WASHINGTON (Reuters) - The U.S. Treasury Department said on Friday that it is selling the remaining 2,770,117 common shares it holds in Central Pacific Financial Corp (CPF.N) at $13.15 a share for expected proceeds of $36 million. Treasury put $135 million into the company as part of the Troubled Asset Relief Program during the financial crisis and, after the latest sale, will have received proceeds back of $71.9 million.

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