“Shares of General Motors (GM) were up 0.2% after hours, following the company’s announcement that it is selling its stake in Delphi Automotive for $3.8 billion.
GM is selling its Class A Membership Interest, which it acquired in October 2009 in conjunction with Delphi’s creation, back to the company. GM said it will book a gain of approximately $1.6 billion …”
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