GM Statement Regarding Tender Offer for GM Shares
DETROIT, May 9 -- The General Motors Corp. (NYSE: GM) Board of Directors
today said it will review a cash tender offer for up to 28 million GM common
shares at a price of $31 per share that was launched today by Tracinda Corp.
The intention to pursue a tender offer was previously disclosed by Tracinda.
The GM board will advise shareholders of its view with respect to this
offer on or before May 20, 2005, as required under applicable securities law.
The board's view will be disclosed in a formal response pursuant to Schedule
14D-9 and will be available free of charge to shareholders at the SEC website,
http://www.sec.gov . Shareholders are urged to read GM's statement when it
becomes available.
SOURCE General Motors Corp.
-0- 05/09/2005 P
/NOTE TO EDITORS: For additional media information, visit
http://media.gm.com ./
/CONTACT: Toni Simonetti of General Motors Corp., +1-212-418-6380/
/Web site: http://media.gm.com
http://www.gm.com
http://www.sec.gov /
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