US: GM says 5% IPO shares for workers/dealers

When General Motors launches its initial public offering, it will allocate 5% of the common stock to be sold for its employees, retirees and dealers, reports Reuters, citing a filing with the US Securities and Exchange Commission. The IPO is expected sometime next month. GM employees have until 22 October Subscribe to Automotive World to … Continued

• By Webmaster
• October 15, 2010