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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

GM to split stock three ways

Posted on 03 November 2010

From Detnews.com: General Motors Co. will split its shares three ways before it launches its initial public stock offering on Nov. 18, people briefed on the matter said, and the Treasury Department’s stake could fall below 40 percent.
GM’s vice chairman, Steve Girsky, has already traveled abroad to win investment. A group of four or five sovereign wealth funds are expected to invest up to $2 billion……………………………………….Full Article: Source

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