General Motors will shrink the government’s ownership stake to less than 50 percent in a $10.6 billion initial public offering, people briefed on the matter said.
By MICHAEL J. de la MERCED and BILL VLASIC, New York Times
Mon, 11/01/2010 - 7:46pm
General Motors will shrink the government’s ownership stake to less than 50 percent in a $10.6 billion initial public offering, people briefed on the matter said.