AmeriCredit shareholders approved a 3.5 Billion Dollar acquisition by General Motors that has been in the works since June.
General Motors needed a way to offer financing to those with medium credit and AmeriCredit was seen as the solution. AmeriCredit stock rose 7 cents and this should give GM a confidence boost before their initial stock offering.
The question is; Do you see General Motors as a stronger company now as compared to pre-Government GM?
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