GM readies market return after blockbuster IPO
DETROIT/NEW YORK (Reuters) – General Motors Co prepared for a dramatic return to the stock market on Thursday, a day after completing the largest U.S. share offering and less than a year and a half after emerging from a landmark bankruptcy.
GM shares were set to begin trading on the New York Stock Exchange and the Toronto Stock Exchange on Thursday, capping the first stage of a turnaround that has taken the 102-year-old automaker from near-death in 2008, to bailout in 2009, to unlikely Wall Street favorite in 2010.
SAIC stake in GM yet to win China OK -sources
DETROIT/NEW YORK, Nov 17 (Reuters) – China’s government has
not yet approved state-run automaker SAIC’s plans to take a
stake in General Motors Co [GM.UL], making it uncertain whether
the deal can be completed as part of the U.S. automaker’s IPO,
two people familiar with the matter said on Wednesday.
GM and SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research, Stock Buzz) have been in
wide-ranging discussions since the summer on ways to expand
their cooperation beyond the China market, where they are
joint-venture partners, people with knowledge of those private
talks have said.
SAIC stake in GM yet to win China OK -sources
DETROIT/NEW YORK, Nov 17 (Reuters) – China’s government has
not yet approved state-run automaker SAIC’s plans to take a
stake in General Motors Co [GM.UL], making it uncertain whether
the deal can be completed as part of the U.S. automaker’s IPO,
two people familiar with the matter said on Wednesday.
GM and SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research) have been in
wide-ranging discussions since the summer on ways to expand
their cooperation beyond the China market, where they are
joint-venture partners, people with knowledge of those private
talks have said.
GM boosts IPO size to reduce government stake
NEW YORK/DETROIT (Reuters) – General Motors Co GM.UL raised the common stock portion of its initial public offering by 31 percent on Wednesday following a surge of investor interest, putting the deal on track to raise as much as $22.7 billion.
The announcement by the top U.S. automaker comes a day after it raised the price range for the IPO and increased the preferred shares on offer by a third to $4 billion.
SAIC agrees to take GM stake in IPO: sources
DETROIT/NEW YORK (Reuters) – China’s SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research, Stock Buzz) has agreed to take a stake in General Motors Co GM.UL if Chinese regulators approve a deal to deepen an existing alliance between the two automakers, four people familiar with the matter said.
The potential investment from SAIC is part of a surge in investor interest in GM that is expected to push the pricing of its shares to $29 or above in the U.S. automaker’s initial public offering, one of the sources said.
SAIC to take GM stake if China approves: sources
DETROIT/NEW YORK (Reuters) – China’s SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research, Stock Buzz) has reached an agreement in principle to take a stake in General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) if Chinese regulators approve a deal to deepen an existing alliance between the two automakers, three people familiar with the matter said.
The potential investment from SAIC is part of a surge in investor interest in GM that expected to push the pricing of its shares to $29 or above in the U.S. automaker’s initial public offering, one of the sources said.
Exclusive – SAIC near GM IPO stake buy – sources
DETROIT/NEW YORK (Reuters) – General Motors Co GM.UL is in the final stage of talks to sell equity to Chinese partner SAIC Motor Corp (600104.SS: Quote, Profile, Research) as part of its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond the China market, the people said.
SAIC near GM IPO stake buy-sources
DETROIT/NEW YORK, Nov 10 (Reuters) – General Motors Co
[GM.UL] is in the final stage of talks to sell equity to Chinese
partner SAIC Motor Corp (600104.SS: Quote, Profile, Research) as part of its landmark
initial public offering, two people familiar with the matter
said.
The two government-funded automakers are currently
finalizing how much of a stake SAIC would buy in the top U.S.
automaker after discussions involving technology sharing and
SAIC’s ambitions to move beyond the China market, the people
said.
Exclusive: China’s SAIC near GM IPO stake buy
DETROIT/NEW YORK (Reuters) – General Motors Co GM.UL is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research, Stock Buzz) in conjunction with its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond the China market, the people said.
China’s SAIC near GM IPO stake buy — sources
DETROIT/NEW YORK (Reuters) – General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp Ltd (600104.SS: Quote, Profile, Research) in conjunction with its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond the China market, the people said.

