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General Motors Announces Increase in Size of Public Offering of Common Stock


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DETROIT, Nov. 17, 2010: General Motors Company today announced an increase in the proposed size of the offering of its common stock to be sold by certain of its stockholders from 365 million shares to 478 million shares.  Both of these share totals exclude the amount that the underwriters have the option to purchase to cover over-allotments, if any.  The company previously announced an increase in the estimated price range for the offering of common stock to $32 to $33 per share. The final terms of the offering will be determined at the time of pricing.

Morgan Stanley and J.P. Morgan (representatives of the underwriters), BofA Merrill Lynch, Citi, Goldman, Sachs & Co., Barclays Capital, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets will be the joint book-running managers for the offering.  Copies of the preliminary prospectus relating to the offering may be obtained for free, by visiting the Securities and Exchange Commission (SEC) website at http://www.sec.gov.  Alternatively, a copy of the preliminary prospectus can be obtained by contacting:

  • Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, telephone 1-866-718-1649, or by sending an email to prospectus@morganstanley.com