Saturday, Dec 10, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Automotive

GM workers, retirees given opportunity to buy shares

DETROIT - General Motors Co. employees, retirees, and car dealers will get a chance to invest in their company when the automaker's stock is sold to the public.

GM sent letters to workers and dealers in the U.S. and Canada on Oct. 5 giving them the opportunity to buy shares when the initial public offering takes place. The deadline is Oct. 22.

Employees and dealers can buy the stock at its offering price, which has not been set. A government watchdog's estimate is $133 per share. Participants must invest more than $1,000 to buy stock, but the minimum and maximum number of shares is being determined.

The automaker is planning to hold the IPO in mid-November, but no firm date has been set.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…