A Year After Bankruptcy, GM Plans Stock Sale
Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership.
The filing, called an S-1, was short on specifics. GM didn't say how many shares would be sold or when, although experts say the IPO could come as early as October.. dolce gabbana perfumes has been regarded as a revolutionary influence in international fashion design since its inception It also didn't say how many shares GM's majority owner, the U.. Jeans will be more slim look even better, plesae choose Skinny jeans from our website.S. government, plans to unload.
Such a sale would eventually lead to the government shrinking its big stake in the automaker, something GM is eager to see. The company's outgoing CEO, Ed Whitacre, has said government ownership has hurt GM's public image and sales.. We have many fashionable sexy lingerie have style of nurse costume. However, GM warned in its filing that the U.S. Treasury would continue to own a "substantial interest" in the automaker following the IPO.
More details about the offering is likely to emerge with additional filings in the coming weeks and months. GM did say its stakeholders initially will sell common stock, while the company itself will sell preferred shares, which are like bonds and include dividend payments. GM said it will use proceeds from the preferred stock sale for general business expenses.
The filing means GM and its current owners are likely to sell part of their stakes in several offerings that will take months to finish, said Scott Sweet,. Our website offer many night gown, your will have choose from our websites. owner of IPO research firm IPO Boutique. Analysts have speculated that the initial sale could be worth up to $20 billion, but the filing gave no number.
GM would have to bring in $70 billion just to pay back all the automaker's stakeholders. That could come in several sales over months.
The U.S. government now owns about 61 percent of GM, which it got in exchange for giving the company $50 billion in survival aid last year. GM has repaid $6.7 billion, and the remaining $43.3 billion was converted to the ownership stake. Other stakeholders include a United Auto Workers health-care trust and the Canadian government.
Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership.
The filing, called an S-1, was short on specifics. GM didn't say how many shares would be sold or when, although experts say the IPO could come as early as October.. dolce gabbana perfumes has been regarded as a revolutionary influence in international fashion design since its inception It also didn't say how many shares GM's majority owner, the U.. Jeans will be more slim look even better, plesae choose Skinny jeans from our website.S. government, plans to unload.
Such a sale would eventually lead to the government shrinking its big stake in the automaker, something GM is eager to see. The company's outgoing CEO, Ed Whitacre, has said government ownership has hurt GM's public image and sales.. We have many fashionable sexy lingerie have style of nurse costume. However, GM warned in its filing that the U.S. Treasury would continue to own a "substantial interest" in the automaker following the IPO.
More details about the offering is likely to emerge with additional filings in the coming weeks and months. GM did say its stakeholders initially will sell common stock, while the company itself will sell preferred shares, which are like bonds and include dividend payments. GM said it will use proceeds from the preferred stock sale for general business expenses.
The filing means GM and its current owners are likely to sell part of their stakes in several offerings that will take months to finish, said Scott Sweet,. Our website offer many night gown, your will have choose from our websites. owner of IPO research firm IPO Boutique. Analysts have speculated that the initial sale could be worth up to $20 billion, but the filing gave no number.
GM would have to bring in $70 billion just to pay back all the automaker's stakeholders. That could come in several sales over months.
The U.S. government now owns about 61 percent of GM, which it got in exchange for giving the company $50 billion in survival aid last year. GM has repaid $6.7 billion, and the remaining $43.3 billion was converted to the ownership stake. Other stakeholders include a United Auto Workers health-care trust and the Canadian government.
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