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GENERAL MOTORS FILES WITH SEC TO INCREASE INITIAL OFFERING

 GENERAL MOTORS FILES WITH SEC TO INCREASE INITIAL OFFERING
 DETROIT, Dec. 4 /PRNewswire/ -- General Motors (NYSE: GM) filed today with the Securities and Exchange Commission (SEC) to increase its proposed initial offering of fixed rate, non-convertible Series B Preference Stock from $350 million to at least $850 million. The company anticipates that this proposed initial offering will be for at least 34 million depositary shares, each representing one-fourth of a share of Series B Preference Stock. Each depositary share has a stated value of $25.
 The company's shelf registration of non-convertible Series B Preference Stock is also being increased under today's filing. Under the shelf, the total amount of non-convertible Series B Preference Stock that can be offered from time to time, including this proposed initial offering, is increased from $750 million to $1.5 billion.
 This initial offering is being managed by a group of underwriters led by Merrill Lynch & Co., Lehman Brothers, PaineWebber Incorporated, and Dean Witter Reynolds Inc.
 -0- 12/4/91
 /CONTACT: Terrence P. Sullivan, 313-556-2019, or William B. Winters, 212-418-6380, both of General Motors Corporation/
 (GM) CO: General Motors Corporation ST: Michigan IN: AUT SU: OFR


SM -- DE040 -- 9420 12/04/91 17:49 EST
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Publication:PR Newswire
Date:Dec 4, 1991
Words:200
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