CORRECTED: Hunton & Williams Reps AmeriCredit In $3.5B GM Deal

Law360, New York (July 22, 2010, 1:20 PM EDT) -- General Motors Co. has reached a deal to buy auto finance company AmeriCredit Corp. in an all-cash transaction valued at approximately $3.5 billion, an acquisition the automaker said Thursday would help meet customer demand for leasing and nonprime financing for GM vehicles. (Corrects an article published on July 22.)

Under the terms of the deal, AmeriCredit shareholders will receive $24.50 in cash for each share of stock they hold when the transaction closes. Both company's boards of directors have approved the deal, and the transaction is...
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