Re: [AMC-list] GM To Discontinue Saab After Deal Talks Collapse

[Joe Fulton <piper_pa20@xxxxxxxxxxx>]

I think I read yesterday that the talks with another buyer have resumed.  

Joe Fulton

--- On Fri, 12/18/09, Bruce Hevner <scramblr@xxxxxxxxxxx> wrote:

> From: Bruce Hevner <scramblr@xxxxxxxxxxx>
> Subject: [AMC-list] GM To Discontinue Saab After Deal Talks Collapse
> To: "Bruce Hevner" <scramblr@xxxxxxxxxxx>
> Date: Friday, December 18, 2009, 8:09 AM
> Another one bites the dust,,,,,,,
> 
>  
> 
> NEW YORK -- General Motors Co. said Friday it will wind
> down Saab after
> talks to sell the brand to Dutch carmaker Spyker Cars
> collapsed. 
> 
> GM said in a news release that issues arose during the sale
> talks that could
> not be resolved. 
> 
> "Despite the best efforts of all involved, it has become
> very clear that the
> due diligence required to complete this complex transaction
> could not be
> executed in a reasonable time," GM Europe President Nick
> Reilly said in a
> statement. "In order to maintain operations, Saab needed a
> quick
> resolution."
> 
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