IPO of General Motors

Started by MikeLigalig.com, November 22, 2010, 07:47:49 PM

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MikeLigalig.com

November 22, 2010, 07:47:49 PM
The move, which came despite broad stock market losses Tuesday, is a response to stronger-than-expected demand for shares in the auto maker, which is generating solid profits after last year's U.S. government-orchestrated bankruptcy. The U.S. Treasury, GM and its underwriters felt recent stock market declines wouldn't deter investors, a person familiar with the discussions said. - source: Wall Street Journal
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