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GENERAL MOTORS FILES WITH SEC FOR PUBLIC OFFERING OF SHARES

 GENERAL MOTORS FILES WITH SEC FOR PUBLIC OFFERING OF SHARES
 NEW YORK, Nov. 10 /PRNewswire/ -- General Motors has filed a shelf registration statement with the Securities and Exchange Commission (SEC) to cover a number of proposed public offerings of up to $1 billion, in aggregate, in fixed-rate preference shares. The shares are expected to be issued in several series from time to time as market conditions warrant.
 GM expects to be in a position to offer an initial issuance under this shelf in the next several weeks. Lehman Brothers will serve as lead manager for that initial offering.
 Fixed-rate preference stock currently represents an attractive means of providing equity financing to strengthen the Corporation's balance sheet and provide GM with additional financial flexibility. The proceeds will be used for general corporate purposes.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement 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.
 -0- 11/10/92
 /CONTACT: Bill Winters of General Motors, 212-418-6380/
 (GM) CO: General Motors Corp. ST: New York, Michigan IN: AUT SU:


SM -- NY023 -- 9122 11/10/92 09:18 EST
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Publication:PR Newswire
Date:Nov 10, 1992
Words:257
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