TITLE

In PE Deal, GM Goes Non-Auction Route

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/24/2005, Vol. 71 Issue 3, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15782931

 

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