Thursday, 18 November 2010

GM back in stock

Today, GM is back in stock. GM sold on Wednesday 478 million shares at a price of U.S. $ 33 piece, a total of 15.77 billion U.S. dollars. It also sold 4.35 billion U.S. dollars of preferred shares. The manufacturer had initially planned to sell 365 million common shares at prices ranging from 26 to 29 dollars and three billion dollars of preferred shares. On Tuesday, the range was increased to 32-33 U.S. dollars and the value of preferred shares offered increased by one billion. So we can say mission success for the U.S. government has been criticized for their tremendous support in this financial support.

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