GM mulls sale of GMAC stake to investor group -WSJ


NEW YORK, March 30 (Reuters) - General Motors Corp. is in talks to sell its 51 percent stake in General Motors Acceptance Corp. to an investor group led by hedge fund Cerberus Capital Management, the Wall Street Journal said on Thursday. The U.S. automaker has settled on the broad structure of an agreement with the New York hedge fund and private-equity group, which are expected to offer $11 billion or more for GM's GMAC stake, the report said. Many technical issues remain and the auto ...

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