US may choose lead bank on GM IPO next week-report

Newswire

CHICAGO, May 29 (Reuters) - The U.S. Treasury and General Motors Co may select a lead underwriter for an initial public offering for the automaker as early as next week, Bloomberg News reported on Saturday. A bank needs to be picked soon in order to prepare for an offering by the fourth quarter, and the Treasury is likely to have more say in the selection than the carmaker itself, according to the report, which cited two unnamed sources familiar with the matter. The U.S. government ...

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