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GM deal not finalized
Posted by Jon Erik Nordstrand, Goteborgs UB (more from Jon Erik Nordstrand, Goteborgs UB) on Wed, 12 Jan 2000 10:44:44
As you know, SAAB is owned 50/50 by GM and the Swedish company
Investor. Investor is a large player in Swedish capital market with
dominating or important interests in many companies, among them ABB (ASEA),
Ericsson, Astra-Zeneca, Electrolux, SKF, SAAB Aircraft, SEB-bank and also
Volvo trucks.
According to Investor, GM has not bought the remaining part of SAAB. The
GM announcement is just a part of the negotiating battle between GM and
Investor, the financial terms for the GM option to purchase all of SAAB are
not completely clear.
GM is reported to have made their press release about the purchase without
having consulted with Investor.
Jon
Posts in this Thread:
- GM deal not finalized, Jon Erik Nordstrand, Goteborgs UB, Wed, 12 Jan 2000 10:44:44
- Re: GM deal not finalized, Larry West, Wed, 12 Jan 2000 17:45:25
- Re: GM deal not finalized, Keifer5448, Wed, 12 Jan 2000 15:47:07
- Prev by Date: Subject: Need Help with Emission Test, Nelson, Eric CDI-HS, Tue, 11 Jan 2000 12:48:43
- Next by Date: Re: GM takes over, Tom Reingold, Wed, 12 Jan 2000 15:46:44
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