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GENERAL MOTORS FILES REGISTRATION STATEMENT FOR GLOBAL PUBLIC OFFERING

GENERAL MOTORS FILES REGISTRATION STATEMENT FOR GLOBAL PUBLIC OFFERING
 NEW YORK, April 24 /PRNewswire/ -- General Motors Corporation (NYSE: GM) today announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) relating to a global public offering of 50 million shares of GM $1-2/3 par value common stock, representing approximately $2.1 billion (an aggregate of approximately $2.4 billion if a 7.5 million share overallotment option granted to the U.S. underwriters is exercised). The purpose of this offering is to assist the corporation in achieving its plan to improve its liquidity and balance sheet strength, provide financial flexibility to meet its operating objectives and to maintain favorable credit ratings.
 In addition, General Motors filed a shelf registration statement with the SEC relating to planned contributions to its U.S. pension plans later this year of up to approximately 12 million shares of GM $1-2/3 par value common stock having an aggregate fair market value of up to $500 million, and to possible resales of such shares from time to time by the pension plans. The contributions to the U.S. pension funds for its hourly and salaried employes are expected to be made from time to time between Aug. 1 and Dec. 31, 1992. At the time the contributions are made, they will be incremental to General Motors' required pension fund contributions.
 Morgan Stanley & Co. will be the global lead manager on the proposed offering. Additional managing underwriters are expected to be named later today. Offering of the 50 million shares will include a U.S. offering, a U.K. offering, an Asia Pacific offering and an international offering (principally Europe).
 A registration statement relating to these securities has been filed with the SEC but has not become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 When available, a copy of the prospectus may be obtained from Morgan Stanley & Co., Incorporated, Prospectus Department, 25th Floor, 1251 Avenue of the Americas, New York, NY 10020 (212-703-5691) and from the co-managers when named.
 -0- 4/24/92
 /CONTACT: Bill Winters, 212-418-6380, or Terry Sullivan, 313-556-2019, both of General Motors/
 (GM) CO: General Motors Corporation ST: New York IN: AUT SU: OFR


GK-TS -- NY007 -- 2267 04/24/92 07:59 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
Words:444
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