News Headline Summary

GM (GM) are to buy 200mln of its shares held by the US for USD 5.5bln

- The US plans to full exit GM stake within 12-15 months.

Update details:

- The US government are the biggest holder of GM with 31.93%, however has now changed given the latest announcement.

Reaction details:

- Co. are seen up 6.7% in pre-market trading.

Print 13:01, 19 Dec 2012 - US Equities - Source: Newswires