GM Stock Offering

gm logo on wall ap photo GM Stock OfferingLots of indications pointing to today being the day that General Motors begins the process that will lead to its selling off the government stake in the company.

That lengthy form, called an S-1, is now reportedly being reviewed by GM board members to make sure it meets their approval, before it’s filed, most likely later today. The document runs hundreds of pages, and lists all of the reasons somebody may want to buy GM stock, along with all of the risks.

The stock sale could raise up to $20 billion, much of which would go to the U.S. Treasury.

Copyright, 2010. WWJ Newsradio 950, All Rights Reserved.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen