CLIO, MIDLAND (NORTHWOOD UNIVERSITY) -- General Motors executives are reaching out to the near 600,000 retirees, as well as current workers and auto dealers in a direct share program, leading to new stock options opening up next month.
The move allows potential investors to secure stock at the initial offering price. A minimum buy-in is said to be $1,000. The effort is being coordinated by Morgan Stanley. Buyers have until October 22 to send notification of interest.
More information can be found at www.gmipo.morganstanley.com
