GM sale of defense unit may signal more deals

Newswire

By Michael Ellis DETROIT, Dec 19 (Reuters) - General Motors Corp.'s agreement on Thursday to sell the bulk of its defense business for $1.1 billion in cash may be the first of several deals to fund its mounting U.S. pension expenses and health care costs, analysts said. After stiff opposition from federal regulators blocked a deal between GM's Hughes Electronics Corp. and EchoStar Communications Corp., GM could look elsewhere to raise cash, analysts said. "It may be a sign of an ...

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