Comerica Inc., the Dallas banking company that repaid $2.25 billion in U.S. bailout funds, said it will not repurchase stock warrants issued to the government in exchange for capital from the Troubled Asset Relief Program.

The decision, disclosed by Comerica in a federal filing Tuesday, makes it likely that the Treasury Department will auction the warrants, which carry the right to buy 11.5 million shares of Comerica stock at $29.40 each until November 2018. The company's common shares closed Tuesday at $37.84.

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