Davis Polk advised the underwriters in connection with the $1.59 billion SEC-registered secondary offering of 40,000,000 shares of common stock of General Motors Company, sold by the UAW Retiree Medical Benefits Trust. A portion of the shares were repurchased by General Motors Company.
General Motors Company, along with its subsidiaries and joint venture entities, produce and sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands.
The Davis Polk corporate team included partner Sophia Hudson and associates Dan Gibbons, Ferrell Maguire Keel and Jacqueline Marino. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Associate Jay Frankel provided intellectual property and technology advice. Partner Po Sit and associate Gil Savir provided tax advice. All members of the Davis Polk team are based in the New York office.