9 result(s) displayed (1 - 9 of 9):

GM's Opel headache not cured yet (from Corporate Dealmaker)

After months of negotiations, General Motors Co. has finally made a decision about the fate of its Adam Opel GmbH subsidiary. But the jury is still out on whether GM has solved its European problem or simply created new headaches in selling 65% of the company to a consortium of...

Posted on September 10, 2009 4:29 PM

Opel opus from Spiegel lifts curtain on auction (from Corporate Dealmaker)

As we've discussed here, the sale of Adam Opel GmbH by General Motors Co. has been a months-long saga with something for everyone -- a heady mix of business, finance and politics local, national and global. We've been thinking that if only someone could really get behind the scenes, especially...

Posted on September 2, 2009 2:37 PM

Opel update: RHJ increases its bid (from Corporate Dealmaker)

The day's M&A news wouldn't be complete without a development in the long-running auction of Adam Opel GmbH by General Motors Co.And here it is: Private equity-backed RHJ International, rival to Magna International Inc. (NYSE:MGA), the bidder that the German government prefers, has just notched up its bid (to €300...

Posted on September 1, 2009 4:42 PM

Talking and talking and talking about Opel (from Corporate Dealmaker)

"Germany says talks with GM on Opel are far from over," says the Friday morning Reuters headline. Which means that discussions about the sale of the Adam Opel GmbH unit of General Motors Co., already months old, could continue for many more weeks, beyond the Sept. 27 German election that...

Posted on August 28, 2009 10:37 AM

Rocky Opel auction limits GM's options (from Corporate Dealmaker)

Would the retention of Adam Opel GmbH by General Motors Co. after a long and contentious auction process be politically as well as economically attractive for GM, as Ken Klee argued here Monday morning? Maybe. But that doesn't mean GM will be able to get the help needed to make...

Posted on August 24, 2009 3:43 PM

Opel auction plot is thick, and rich in rumours (from Corporate Dealmaker)

John Smith, the group vp who is General Motors Co.'s (NYSE:GM) chief negotiator for the sale of a stake in the company's Adam Opel GmbH unit, has some advice for people following this tangled auction: Don't believe everything you read in the press about it. Specifically, don't put much credence...

Posted on August 6, 2009 5:25 PM

No Opel buyback, GM exec says on blog (from Corporate Dealmaker)

Using the blogosphere to help manage an auction is a tricky process. On Wednesday we were among those commenting on a Tuesday blog post by General Motors Co. group VP John Smith about the state of the auction for GM's Adam Opel GmbH unit. In his post Smith complained that...

Posted on July 30, 2009 10:34 AM

No Opel buyback for GM, says econ minister (from Corporate Dealmaker)

Strategic dealmakers and private equity investors work together only once in a while. Could they team up more often? Whenever we've heard this question discussed at conferences, the consensus seems to be that such partnerships are interesting in theory but tough to pull off in practice. And that's even without...

Posted on July 20, 2009 12:00 PM

BAIC: Big plans for Opel in China (from Corporate Dealmaker)

More details have been reported about Beijing Automotive Industry Holding Corp.'s eleventh-hour bid for General Motors Corp.'s Adam Opel GmbH European unit. In its approach, the Chinese automaker said it was ready to sink $2 billion into Opel's first plant in China, which would open in 2012 and produce cars...

Posted on July 7, 2009 9:15 AM