Giant car manufacturer General Motors revealed on Thursday that company is agreed to buy AmeriCredit for 3.5 Billion US dollars in ready money. After coming out of bankruptcy in year 2009 known as recession year in world's economics, the company reestablished its financial grip.
It is said that General Motor will remit 24.50 USD per share bases and 24% premium to AmeriCredit's closing share price of 19.70 USD.
Company said that in this purchase, GM will also hold the existing management of AmeriCredit. The overseeing CEO, Daniel Berce also one of vital employee of AmeriCredit, Daniel will be retained by GM to run the company – Market WATCH Sources.
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