General Motors Company GM today confirmed it has completed the previously announced voluntary contribution of 60.6 million shares of GM common stock to its U.S. hourly and salaried pension plans, valued at approximately $2 billion. There were 40.4 million shares contributed to the hourly plan and 20.2 million shares to the salaried plan. This contribution completes the estimated $6 billion contribution that was announced in October, consisting of $4 billion in cash and $2 billion in stock.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in