GM to seek stockholder approval of Hughes deal

Newswire

DETROIT, Aug 22 (Reuters) - General Motors Corp. said on Friday that it would begin seeking shareholder approval early next month for the planned split-off of its Hughes Electronics Corp. unit. Under the deal, which still needs the approval of federal regulators, GM will sell its approximately 19.8 percent interest in Hughes to News Corp. , the media conglomerate controlled by Rupert Murdoch. News Corp. would acquire additional shares of Hughes, which controls the largest U.S. satellite TV ...

Premium Content (PAID Subscription Required)

"GM to seek stockholder approval of Hughes deal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×