January 11, 2010
Saab Story
Posted by Erik Gerding
I would really like to read some good reporting on why GM is unwilling to sell Saab. At first blush, it seems odd; wouldn't G.M. be better off selling at any price than incurring the costs of shutting Saab down? What is it about GM's diligence on the Russian-backed Spyker that cause the deal to fall apart? Concern about protecting GM intellectual property? It is pretty unusual for a seller's diligence on a buyer to scuttle a deal.
Other possible explanations -- buyers are looking for GM to finance the acquisition or assume various Saab liabilities. Or are tax implications playing a role?
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