General Motors Co. is expected to file registration papers for an initial public offering later Wednesday, laying the groundwork for the auto maker to begin cutting its ties to the U.S. government, its majority owner. An IPO will allow the U.S. Treasury to begin offloading the 61% stake it holds in GM after last year's $50 billion government bailout of the company. Selling preferred shares could allow the Treasury to more quickly reduce its stake in the company.
Preferred shares behave more like bonds than stock in the financial markets and may attract different types of investors.
The move to offer preferred shares was reported earlier by Bloomberg News.
DE JA VU // DE JAVU ?? :-D recall asking SAME question about GOOG last month or month before ?? was it 500 // 400 ?? :-D :-D ...am LOSING it -- the amount!! got #s running in my head right now.
...and GOOG -- calls were @ .40/.45 then and some poster stated SAME thing U did Dalcindo -- basically stating it was d.e.a.d. ?? :-D -- and that HOG called GOOGLE -- went HIGHER than 500 ?? and could have netted me about $3K ?? :-D :-D
sooooooooooooooooo nowwwwwwwwwwww...what's MY 1st instinct ?? go for it -- or just watch it run up/down ?? :-D
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