Greenlight Capital's plan to split up General Motors Co's stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their votes on the hedge fund's …
DETROIT, Michigan – General Motors’ shareholders rejected Greenlight Capital’s proposal to split the company’s stock into two classes, with 91 percent rejecting maverick hedge fund investor David Einhorn’s attempt to separate automotive ...
The 61-percent ownership stake that the government took in 2009 dropped to 26 percent in 2010 when General Motors held an IPO and returned to the stock market. There are two key insights here. First, GM is paying the government
OK, investors, take a deep breath and start your engines: "GM owns 13 brands: Alpheon, Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling, Baojun, Jie Fang, and UzDaewoo in 37 countries," says Christopher Ma, director …
DETROIT (AP) — Shares of General Motors are rising Tuesday as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes. David Einhorn’s Greenlight Capital said Tuesday that …
DETROIT – General Motors has rejected a proposal from investor David Einhorn to split its stock into two classes. The plan from Einhorn’s Greenlight Capital hedge fund would create one dividend-paying stock and one “capital allocation” …
General Motors' sale of stock on Thursday is poised to be one of the largest initial public offerings in U.S. history. For most companies that would be cause for celebration. But when the shares start trading on the New York and Toronto …
NEW YORK — General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock
General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company’s stock and reshape its board, backing chief executive Mary Barra’s efforts to rev up the …