General Motors Corp. finally made a move regarding its highly treasured Hughes Electronics Corp., announcing last week it would allow its shareholders to swap GM stock for Hughes tracking stock. The exchange offer, which will take place by June 30, at least partially answers clamoring by investors and analysts to unlock some of Hughes' value from within GM. Plans call for GM to offer shareholders $8 billion in Hughes tracking stock as well as contributing $7 billion of its Hughes stake ...
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