The New York Times
Wed, August 18, 2010 -- 4:04 PM ET
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General Motors Files for Initial Public Offering
General Motors filed on Wednesday to go public.
The long-awaited event marks the biggest step by the car
maker to date in its effort to shed the government's
controlling ownership stake and resume life as a public
company.
Many details were missing from Wednesday's filing, including
the number of shares it plans to sell in the offering. But
G.M. said it plans to sell both common stock and preferred
shares, which are considered bond-like instruments.
Read More:
http://dealbook.blogs.nytimes.com/2010/08/18/g-m-files-for-an-initial-public-offering/?emc=na
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