GM's restructuring boosts prospect of GMAC sale


By Michael Flaherty NEW YORK, Nov 22 (Reuters) - General Motors Corp.'s restructuring plan should boost the automaker's prospects for selling a majority stake in financial services subsidiary General Motors Acceptance Corp., analysts said on Tuesday. GM said last month it was exploring the sale of a controlling interest in GMAC; analysts say such a sale could fetch between $10 billion and $15 billion. The company hopes a sale would lift GMAC's credit rating back to investment grade and ...

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