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GM shareholders to vote on Greenlight stock plan, board challenge

Greenlight founder David Einhorn says that his fund's plan to divide GM shares into two classes could boost the carmaker's US$52b market capitalisation by as much as US$38b.


GREENLIGHT Capital's plan to split up General Motors Co's stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the US carmaker's shareholders cast their votes on the hedge fund's proposals.

Greenlight's proxy contest comes

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