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Reuters first on GM IPO fees & size

Reuters first on GM IPO fees & size

Reuters was first to report on June 11 that bankers had cut fees for General Motors’ IPO to an industry-beating 0.75 percent and that the offering was expected to raise as much as $20 billion vs earlier reports of $10 12. It took the Wall Street Journal until the next day to match the Clare Baldwin’s scoop. Bloomberg followed with its story three days later.

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