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General Motors Will Distribute Cash as Wilson Drops Board Bid
The deal is a major victory for the investors while giving relief to GM of what could have evolved into a fight with major shareholders. However, GM slashed its previously announced cash target that it claimed was key to keeping a ‘fortress balance sheet.” How the ratings agencies react remains to be seen. Continue reading
Posted in financial results, news analysis
Tagged autoinformed, autoinformed.com, harry wilson, Ken Zino
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