GM stock purchase plans halted by State Street

Newswire

DETROIT, Nov 25 (Reuters) - General Motors Corp said on Tuesday it could not restart a program that allows employees to buy the company's common stock due to restrictions imposed by State Street Bank and Trust Co, the independent overseer of the plans. GM had planned to reinstate the program which was suspended in September when GM exhausted its authorized shares, but was told by State Street that "it was not appropriate to allow additional investments" by employees in light of GM's ...

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