You are here

GM strikes deal with investor, agrees to US$5b buyback


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to