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: The AM Law DailyThree Firms Advising on GM's Sale of Ally Financial Preferred Shares
By Brian Baxter
General Motors is selling all of its preferred shares in Ally Financial, formerly known as GMAC, through a $1 billion offering. The Detroit-based automaker will retain a 9.9 percent stake in Ally, whose majority owner remains the U.S. government after a financial crisis bailout two years ago.
Full post as published by The AM Law Daily on March 23, 2011 (boomark / email).
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