General Motors Sells All $1 Billion Worth Of Ally Shares
0
Sponsored Links
General Motors is officially parting ways with Ally Financial (formerly GMAC) by selling 100 percent of its Series A preferred stock of the company worth $1 billion. Of which, $.3 billion will be recorded in the 2011 first quarter results, giving a boost in the balance sheet. The remaining GM investment in Ally will be a 9.9 percent interest in common stock.
- Sweepstakes Of The Month: Win a Corvette Z06 and 2024 Silverado. Details here.
Sponsored Links
