DirecTV says GM Pension plans to sell 110 mln shrs

Newswire

NEW YORK, Jan 21 (Reuters) - Several General Motors pension groups have offered to sell 110 million shares of DirecTV Group Inc. common stock in a secondary offering, according to a DirecTV filing. DirecTV said it will not receive any of the proceeds from the sale fo the shares. Goldman Sachs and Morgan Stanley will serve as joint book running managers. Citigroup Global Markets, Credit Suisse First Boston and J.P. Morgan Securities will act as co-managers fo the offering.

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