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GM set to boost size of stock offering by 30% as demand soars, investor says 11/16/10

http://www.freep.com/article/20101116/BUSINESS0101/101116014/1318/GM-set-to-boost-size-of-stock-offering-by-30-as-demand-soars-banker-says

By Brent Snavely, Greg Gardner & Chrissie Thompson; Detroit Free Press ~ Nov 16, 2010

 

General Motors will boost the size of its common stock offering by 30% in response to demand, said the founder of a investment firm, hours after the automaker raised the stock’s target price to $32 to $33 per share and increased its preferred stock offering.

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