In PE Deal, GM Goes Non-Auction Route

Hahn, Avital Louria
January 2005
Investment Dealers' Digest;1/24/2005, Vol. 71 Issue 3, p10
Trade Publication
The article presents information on General Motors Corp's sale of its 75-year-old locomotive business Electro-Motive to two private equity firms for an undisclosed sum. GM. The buyers Greenbriar Equity Group LLC and Berkshire Partners LLC, have expertise in union negotiations as well as in the railroad business. People familiar with the deal say that while the price is considered fair, General Motors is better off choosing the buyers carefully and on such merits as future plans, rather than lust going after a higher purchase price.


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