GM is preparing to bid this week for Ally Financial's auto-lending operations in Europe and Latin America but isn’t pursuing Ally’s Canadian operations or its Mexican auto insurer, Bloomberg reports. An acquisition of the units would more than double the assets of GM Financial. [View news story]
Is that why the stock of GKM has been rising recently? Are stockholders of GKM going to be bought out?
GM is preparing to bid this week for Ally Financial's auto-lending operations in Europe and Latin America but isn’t pursuing Ally’s Canadian operations or its Mexican auto insurer, Bloomberg reports. An acquisition of the units would more than double the assets of GM Financial. [View news story]
Are stockholders of GKM going to be bought out?