The company that got stuck with General Motors Co.’s debts and bad assets will begin selling stock and warrants in the new GM, according to a regulatory filing Tuesday. Motors Liquidation Co. said in the filing with the Securities and …
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust and plaintiffs. Just a few days ago, it emerged that the General Unsecured Creditors Trust wanted GM to contribute $1 …
Argus did note that GM recently has shown very strong performance. And the company tried to refute slowing concerns in recent weeks with a larger dividend and a large stock buyback. That being said, Argus is worried that 2016 will be the …
General Motors will be issuing new stock, a signal that the company is emerging from the ashes like the mythical phoenix. There is much to celebrate with this public offering. The corporate giant and employer of 209,000 people …
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 …
(Reuters) - Greenlight Capital’s plan to split up General Motors Co’s (GM.N) 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 …
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 …
Just days after a court allowed the city of Detroit to file for Chapter 9 municipal bankruptcy, the federal government announced that it would finally sell the last of its stock in General Motors. The auto manufactures stock soared on …
General Motors Corp. has been dropped from the New York Stock Exchange, and Fitch Rating Service announced this week it is no longer keeping tabs on the company's finances since it has filed for bankruptcy. Nevertheless, trading in …
Though the stock has since pulled back to trade at $37.84, shares of General Motors Company (NYSE:GM) earlier hit a nearly two-year high of $38.55. The move comes amid news the automaker is selling its European Opel business to …