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GM plans $5B stock buyback, avoids showdown with hedge funds
2015-03-09 13:53:02| Automakers - Topix.net
General Motors has headed off a potentially divisive proxy fight by agreeing to a $5 billion stock buyback that starts immediately and will close by the end of next year. The move announced Monday before the markets opened is part of a deal with Harry Wilson, a former member of the government task force that restructured GM coming out of its 2009 bankruptcy.
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Category:Automotive
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