A surprising theory is fueling a long-awaited breakthrough for General Motors shares: that the stuffy century-old automaker may have some technology chops, after all. Bullish reports from a Deutsche Bank analyst who sees a $30 …
have blasted Einhorn’s proposal to split GM’s common stock into two classes. In a Wednesday filing, Einhorn griped that “to Greenlight’s surprise” GM had “substantially altered” the term sheet of his two-class stock proposal when it …
(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 …
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 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 …
NEW YORK (Reuters) - Top U.S. automaker General Motors Co GM.UL will allocate most of the shares in its initial public offering to U.S. investors and plans to set a share price low enough to attract retail investors, five people familiar with …
Another major corporate bankruptcy and a once-stellar stock worth less than four rolls of one-ply toilet paper. There’s much concern for GM employees, dealers and customers — and for good reason. But what happens to GM stockholders? …
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 …
General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about nine per cent of the stockholders voted for the plan from David Einhorn's Greenlight Capital …
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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 …