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GM strikes deal with investor, agrees to US$5b buyback
Published Mon, Mar 9, 2015 · 09:50 PM
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Detroit
GENERAL Motors will buy back US$5 billion in shares by the end of 2016, and activist investor Harry J Wilson will give up his request for a board seat after reaching an agreement with the automaker.
Mr Wilson had requested a board seat and asked the Detroit-based company last month to use some of …
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