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 ...

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