Free
Message: Re: GM's over half a billion equity investment and supply agreement with LAC

After looking at the announcement this morning, I am not sure this is something to write home about. The selection of the partner could have been significantly worse but what puzzles me, is that in this transaction, LAC gave away 10% of the company for $21.34/share. To me, that sounds like a "day light robbery" as the price is actually lower than Friday close. I understand, that the negotiating “know-how” of GM is better than LAC, when talking about politics, but the closing price makes me feel sort of “musked”. Anyway, have to go, so I will read the rest on my train ride home. Any insight,  which would prove my view of this contract to be incorrect is welcome.

Share
New Message
Please login to post a reply