General Motors Company Commences $13B Public Offering

General Motors Company (

) today announced it has commenced a public offering. The offering will consist of 365 million shares of common stock to be sold by certain of its stockholders. The company will also issue 60 million shares of its Series B mandatory convertible junior preferred stock with a liquidation amount of $50 per share. The estimated price range for the offering of common stock is $26.00 to $29.00 per share