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Archive Home > 2010 > July > 03 > GM takes step toward debt repayment as it considers public offering

GM takes step toward debt repayment as it considers public offering

By Michael J. de la Merced and Nick Bunkley / The Bulletin
July 3, 2010

General Motors is aiming to file an initial public offering of stock in mid-August, taking its biggest step yet toward repaying the federal government, people briefed on the matter said Friday.

The company, which emerged from bankruptcy last July, is also seeking a $5 billion credit line, these....

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