- The Wall Street Journal•13 minutes ago
Both S&P Global Ratings and Moody's Investors Service on Tuesday said that implementation of Mr. Einhorn’s proposal could eventually lead to credit downgrades on GM bonds that currently sport ratings not far above junk status. Mr. Einhorn's hedge fund, Greenlight Capital Inc., is pushing for the creation of a dual-class common stock structure that would hive off dividend payments into one share class and post-dividend earnings into another. Greenlight nominated four candidates for election to GM’s board of directors in connection with the share-split proposal.
- Financial Times•20 minutes ago
Wall Street hates General Motors equity. Perhaps it will have more affection for its credit. On Tuesday, David Einhorn of Greenlight Capital proposed a seemingly novel stock split at GM to reinvigorate ...
- Reuters•45 minutes ago
Einhorn, who runs hedge fund Greenlight Capital, wants management to split its common stock into two classes: one that would receive the current dividends and one that would participate in all earnings and future growth of the company. The move would lower the company's cost of capital, improve its financial flexibility and boost its market capitalization by as much as $38 billion, Einhorn said. To add more pressure on the company, Einhorn has said he wants to nominate directors but would not identify them.
8GM.MU : Summary for GENERAL MOTORS DL-,01 - Yahoo Finance
GENERAL MOTORS DL-,01 (8GM.MU)
Munich - Munich Delayed Price. Currency in EUR
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As of 8:00AM CEST. Market open.
|Day's Range||31.86 - 31.86|
|52 Week Range||31.68 - 36.21|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|