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$25 Billion GM Stock Bid Draws Du Pont Interest
Philadelphia AP reports Willing B Foulke, a former Du Pont executive, proposes a $25.3 billion bid to acquire Du Pont's 63 million GM shares. The plan funds $131.7 million cash and a $2.09 per share down payment via a charitable Eliza Bennett Foulke Foundation, with a trust escrow and annual stock dividends. Du Pont has not endorsed the plan, citing unfavorable tax implications, while awaiting a Supreme Court decision expected in June.
MENTIONED IN THIS ARTICLE
Philadelphia
U.S. Supreme Court
Dupont Company
General Motors
B. Foulke
du Pont
E. Paul du Pont
Foulke
Mobile Corporation
Posal
Supreme Court
Four
U.S
Delaware
District Court
Chicago
Innes Bennett Foulke Founda
High Court
Ortion, Inc
Foundation
du Font Pont
Duldown
Pont
Danny Kaye
Ian
United Nations
International Children
Foulkeley Fund
du Supreme Court
Dulnow
Pont’s Minerals Separation
Sion
First National Bank
Dallas
Tex
Transac
Wtioh
Gillant
Con- Rifle Association
Salvation Army
Wills Eye Hospital
du Port
Min