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GM shares more expensive this action can bring them $ 12-billion

General Motors, the U.S. giant has increased its share price which are the subject of a public tender to be launched Thursday after the originally announced sparked a huge interest.

Was originally announced price of $ 26-29 per share value at which hopes to raise about 10 billion dollars. Brought massive investor interest offer up to 60 billion dollars. The new price of manufacturer announced Tuesday is 32-33 U.S. dollars per share, at this price you can get about 12 billion dollars.

Increase the price and supply implies that the losses incurred by rescue from bankruptcy of GM will be in the initial estimates, the U.S. Treasury holds nearly 61% stake in GM, which invested 50 billion dollars.

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Posted by M Cosmin on Nov 16 2010. Filed under Business, Featured News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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