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GM's Sticker: $50 Billion
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The IPO is expected to bring $10 billion and reduce the government's stake to below 50%. The IPO plans for the shares to go for between $26 and $29. For the government to breakeven the shares have to rise to about $50. GM plans to sell 24% of its total shares for $10 billion at the midpoint of the estimated share price. Under the plan, Treasury would sell $7 billion of its shares cutting its stake to 35% from 61%. The UAW trust which pays for retiree health care, would sell $2 billion of its shares. Canada and Ontario would sell about $1 billion of their shares. The government will try to recoup some of the $49.5 billion given to GM.
Share prices of GM after the IPO
06/22/2010
Share prices of GM and Ford have declined with the rise in gas prices to over $4.
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Is General Motors Rushing Its Initial Public Offering?
New York Times 06/22/2010
Wall Street Journal 11/02/2010
Why Are General Motors Shares Stuck in Reverse?
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View from the Top: A blunt and straight talking Ed Whitacre runs GM (General Motors) for the government with the goal of recovering its $50 billion.
02/13/2006
Ed Whitacre is blunt with Henderson and executives at GM, new product development faster than before 2 years instead of three, and market share north of 20%, get GM moving or be replaced. Efforts by the new management to payback $50 billion in loans to the U.S. government following the bailout of GM.
Grouped Articles
U.S. to Sell Rest of GM Stake by Year-End
Wall Street Journal 11/22/2013
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Wall Street Journal 11/02/2010
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
GM: Whitacre's Way or the Highway
BusinessWeek 09/24/2009
After Bankruptcy, G.M. Struggles to Shed a Legendary Bureaucracy
New York Times 11/13/2009
GM's (General Motors) tax advantages from the bailout
11/02/2010
An advantage worth about $45 billion in future taxes.
Grouped Articles
Wall Street Journal 11/02/2010
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
Wall Street Journal 11/03/2010
Tax Breaks for Bailout Recipients Stir Up Debate
Wall Street Journal 12/03/2010
GM (General Motors) and the U.S. government bailout
11/02/2010
Grouped Articles
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
U.S. to Sell Rest of GM Stake by Year-End
Wall Street Journal 11/22/2013
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Wall Street Journal 11/02/2010
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
Wall Street Journal 04/19/2011
The credit risks for the U.S. government as GM (General Motors) fails - risks of auto industry bailout
02/13/2006
The credit risk to the government as GM fails is huge. It brings the government into involvement with the details of the auto industry as management fails.
Grouped Articles
U.S. to Sell Rest of GM Stake by Year-End
Wall Street Journal 11/22/2013
Auto Makers Rebound as Buyers Go Big
Wall Street Journal 01/04/2014
Wall Street Journal 11/02/2010
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
Auto Sales Start 2009 at an Abysmal Pace
New York Times 02/04/2009
Auto sales plummet in January; Chrysler sales down 55%
Detroit News 02/04/2009
GM's IPO offering for November, 2010, and its share price
06/22/2010
General Motors' IPO offering and efforts to pay back about $50 billion of loans to the U.S. government following the government bailout of GM and taking a 60% stake in the company.
Grouped Articles
GM Earnings: Weaker North America Hits Profit
Wall Street Journal 05/03/2013
U.S. to Sell Rest of GM Stake by Year-End
Wall Street Journal 11/22/2013
GM's IPO May Require Hefty Incentives
BusinessWeek 07/15/2010
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
IPOs Set to Raise Most Cash Since Crisis
Wall Street Journal 05/12/2013
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