SEOUL – Two years ago, General Motors Corp. offered an initial bid of nearly $5 billion to acquire Daewoo Motor Co. Ltd. in a global auction process. On April 26, GM reached final agreement with Daewoo on selected assets of the insolvent Korean auto maker for a mere $251 million. See a chronology of events in the GM/Daewoo Deal That investment will give GM 42% of the assets being acquired and provide solid control of a new company to be formed, while unnamed alliance partners will ...
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