http://www.detnews.com/article/20101112/AUTO01/11120436/1148/auto01/Interest-high-in-GM-stock
By David Shepardson; The Detroit News ~ Nov 12, 2010 Washington - General Motors Co. may sell more shares than initially planned in its first public offering, at a price higher than expected, because of strong investor demand, a person briefed on the matter said today. GM set a proposed range of $26 to $29 per share for 365 million shares of common stock. At that range, the sale would generate between $9.5 billion and $10.5 billion. |