BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[GM to Sell Saab to Spyker?]]>http://www.bloggingstocks.com/2010/01/26/gm-to-sell-saab-to-spyker/http://www.bloggingstocks.com/2010/01/26/gm-to-sell-saab-to-spyker/http://www.bloggingstocks.com/2010/01/26/gm-to-sell-saab-to-spyker/#commentsFiled under: ,

According to Bloomberg, General Motors (GRM) is close to announcing a deal to sell its Saab division to Spyker Cars. A person familiar with the matter said that an announcement could come as early as late afternoon in Sweden. In Amsterdam, trading was suspended on the automaker amid the rumors.

Spyker has offered GM roughly $75 million in cash and $325 million preferred shares in Spyker, which would come from the transaction. Reportedly GM would receive $100 million of Saab's existing liquidity.

Continue reading GM to Sell Saab to Spyker?

GM to Sell Saab to Spyker? originally appeared on BloggingStocks on Tue, 26 Jan 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Amsterdamcompany newsfeaturedGeneral MotorsGMGRMinthenewsKoenigsegg GroupKoenigseggGroupSaabsalesalesSpykerSwedenTue, 26 Jan 2010 10:40:00 EST