GM pension fund sells US$800 mln in News Corp shrs

Newswire

HONG KONG, March 18 (Reuters) - The pension fund of U.S. automaker General Motors Corp has sold A$1.1 billion (US$800 million) in shares of media company News Corp , Goldman Sachs JBWere said on Thursday. GM's pension fund sold 26 million American Depository Receipts (ADRs) for US$30.87, said Goldman Sachs JBWere, which arranged the sale. Each ADR equals four preferred shares and investors taking Australian shares bought in at A$10.46 each. The preferred shares closed at A$10.46 in ...

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