- Reuters•20 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.
- MarketWatch•48 minutes ago
Moody's Investors Service said Tuesday a proposal from hedge fund billionaire David Einhorn's Greenlight Capital that General Motors Co. adopt a dual-class stock structure is a credit negative for the ...
- Barrons.com•53 minutes ago
A humble recommendation for David Einhorn: Your plan for unlocking value from General Motors' (GM) shares sounds bold and exotic, but maybe try it out first on a stock that’s not up 29% in nine months. Einhorn’s Greenlight Capital wants to split GM shares into two classes, one for dividend-seekers and another for those looking for gains. In a television interview Tuesday afternoon, Einhorn called the plan the “least invasive” way to give two types of shareholders what they want, thus perhaps attracting a higher overall company value than GM carries now.
GM : Summary for General Motors Company Common S - Yahoo Finance
General Motors Company (GM)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||34.69 - 36.25|
|52 Week Range||27.34 - 38.55|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||5.96|
|Dividend & Yield||1.52 (4.40%)|
|1y Target Est||N/A|