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GM logoGeneral Motors is getting ready for its Initial Public Offering, which is expected to occur later this year. Ahead of that, GM has announced that it will offer nearly 600,000 employees (current and retired) and dealers the opportunity to purchase stock at the opening IPO price.

According to The Detroit News, the minimum required investment will be $1,000, and to qualify for this program, interested parties must respond by the end of this month. Once the IPO has been announced, potential buyers will then have four business days to purchase stock at the opening price. The program is being administered by Morgan Stanley. GM has not specified maximum and minimum share limits for this program.

[Source: The Detroit News]

Report: GM to offer stock to employees, retirees and dealers originally appeared on Autoblog on Tue, 12 Oct 2010 15:58:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>general motorsGeneral Motors IPOgeneral motors stockgmgm ipogm stockinitial public offeringipomorgan stanleyTue, 12 Oct 2010 15:58:00 EST http://www.autoblog.com/feed/19671024/article-comments.xml http://www.autoblog.com/feed/2010/10/12/report-gm-to-offer-stock-to-employees-retirees-and-dealers/19671024/article-detail.xml 19671024 http://www.blogcdn.com/www.autoblog.com/media/2010/10/gm-250_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2010/10/gm-250.jpg <![CDATA[Stephen Girsky, key financial advisor leaving General Motors]]>http://www.autoblog.com/2006/05/05/stephen-girsky-key-financial-advisor-leaving-general-motors/http://www.autoblog.com/2006/05/05/stephen-girsky-key-financial-advisor-leaving-general-motors/http://www.autoblog.com/2006/05/05/stephen-girsky-key-financial-advisor-leaving-general-motors/#commentsFiled under: ,

Key General Motors advisor Stephen Girsky is parting ways with the company after less than one year. Word from the company is that travel between Detroit and his home and family in New York were too difficult. Girsky will leave the company at the beginning of next month, and look for a job closer to home.

The former Morgan Stanley analyst reportedly leaves the automaker feeling that the General's turnaround is on-track, and GM spokeswoman Toni Simonetti has said that Girksy was a pivotal force in the nascent turnaround.

[Source: Associated Press via SFGate.com]

Stephen Girsky, key financial advisor leaving General Motors originally appeared on Autoblog on Fri, 05 May 2006 15:04:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Dean witterDeanWitterFinancial advisorFinancialAdvisorGeneral MotorsGeneralMotorsGMMorgan StanleyMorganStanleyStephen GirskyStephenGirskyFri, 05 May 2006 15:04:00 EST http://www.autoblog.com/feed/615137/article-comments.xml http://www.autoblog.com/feed/2006/05/05/stephen-girsky-key-financial-advisor-leaving-general-motors/615137/article-detail.xml 615137 http://www.autoblog.com/media/2006/05/Stephen-Girsky-GM_thumbnail.jpg http://www.autoblog.com/media/2006/05/Stephen-Girsky-GM.jpg -1 2